New leasing deals signed by the state and federal governments have underpinned a surge in office deals in Melbourne's CBD in the past year.
Inspired by the reputation of Manhattan’s famed Central Park luxury apartments, Cbus Property has unveiled Melbourne’s newly completed luxury address 35 Spring Street, partnering with leading architecture practice Bates Smart to deliver a quality, design statement and beacon in Melbourne’s CBD.
Fears that large numbers of Melbourne’s new apartments will not settle are receding, with strong population growth set to support demand, according to Cbus Property chief executive Adrian Pozzo.
The redevelopment of the historic David Jones building in Sydney’s Market Street will see Scentre Group and superannuation fund-backed Cbus Property introduce world-class retailers and restaurants, as well as boutique office floors, topped by a luxury apartment tower sporting Hyde Park views.
Investors looking to add a shopping centre or supermarket to their portfolios will have greater choice this year but may have to move up the risk curve.
A stake in the near $800 million ultra-modern complex being developed by Australia Post and superannuation fund-backed Cbus Property that is designed to serve as Melbourne’s new police headquarters could emerge as the next major test of the city’s office market.