The Flinders Gate office complex currently comprises two boutique buildings and adjoins Melbourne's renowned Adelphi Hotel. The complex is currently undergoing a redevelopment which will span a circa 20,100 square metres of office space and retail amenity, including 12,100 square metres of A-Grade office space over the existing public carpark and the refurbishment of the existing buildings at 189 Flinders Lane (3,700 square metres) and 180 Flinders Street (3,700 square metres).

180 Flinders Street is centrally located opposite Federation Square, in close proximity to Flinders Street

Station and set to benefit from the Melbourne Metro. The SJB Architect-designed 10-storey tower will incorporate extensive refurbishment of the existing heritage offices, with sweeping views overlooking Federation Square and the Botanic Gardens.

A 5-level atrium will bring natural light into the core of the building and our customers will benefit from enhanced amenity including a range of new retail and high-quality end-of-trip facilities. The development is targeting 5 star NABERS Energy and Greenstar Design and as Built ratings, with

construction commencing in April 2018.

- Central location

- Competitive rents

- Flexible floor plans & leases

Property Details

Building type
B Grade - office
Title
Freehold
Site area (hectares)
0.4
Lettable area ('000sqm)
20.7
Typical floor area (sqm)
650
Number of buildings
2
NABERS Energy rating (with Green Power)
172 Exempt / 189 Exempt
NABERS Energy rating (without Green Power)
172 Exempt / 189 Exempt
NABERS Water rating
172 NR / 189 NR
Year built
1920
Major tenant
John Holland
Owner
DXS
Ownership (%)
100

Property Statistics

Metro area
Melbourne CBD
Zoning
Capital City Zone (CCZ1)
Acquisition date
March 1999
Book value at ownership ($m)
131.9
Independent valuation date
December 2018
Independent valuation at ownership ($m)
131.9
Market cap rate (%)
5.50
Leased by area (%)
37
Weighted lease term by income (years)
4.2