Rialto Towers

525 Collins Street, Melbourne

Overview

Rialto Towers is an iconic prime-grade, 55 storey building, and is one of the largest office buildings located in Melbourne’s Central Business District. It is well located on Collins Street with good access to transport and other key amenities.

Rialto Towers is a commercial office complex comprising two connected office towers, five levels of basement car parking and retail offerings on the ground floor plaza and top level. The North tower extends 37 levels and the South tower provides 55 levels, which combined offer approximately 90,000 square metres of office space and over 3,000 square metres of retail space.

Property Information

  • Building typePremium Grade - office
  • Year built1986
  • TitleFreehold
  • Metro areaMelbourne CBD
  • ZoningCapital City Zone
  • Site area (hectares)0.6
  • Lettable area ('000sqm)92.2
  • Lettable area adjusted for ownership ('000sqm)4.6
  • Number of buildings1
  • Typical floor area (sqm)1000-1800
  • Car parking spaces436
  • OwnerDXS
  • Ownership (%)5
  • Co-ownerDexus Australian Commercial Trust/Grollo
  • Major tenantState of Victoria
  • Acquisition dateJune 2020
  • Book value at ownership ($m)63.5
  • Independent valuation dateDecember 2020
  • Independent valuation at ownership ($m)63.5
  • Market cap rate (%)4.75
  • Initial yield (%)3.47
  • Leased by area (%)80
  • Weighted lease term by income (years)4.3

  • NABERS Energy rating (with Green Power)4
  • NABERS Energy rating (without Green Power)4
  • NABERS Water rating4
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