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  • Interact Australia sells central CBD office for $1.539m

Interact Australia sells central CBD office for $1.539m

26 November 2013
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​Melbourne, 26 November 2013 - A private buyer has acquired 373sqm of prime office space in the heart of Melbourne’s CBD for $1,539,000.

The Nonda Katsalidis-designed, 14-level commercial office building is located on the corner of La Trobe and Russell streets.

CBRE’s Tom Tuxworth, Ed Wright and Chris Pharr negotiated the deal on behalf of the vendor, not-for-profit organisation Interact Australia. The space was sold with a two-year leaseback to Interact Australia.

Mr Tuxworth said the sale was the fifth strata whole floor to transact in Melbourne over the past fortnight – a reflection of the strong demand for Melbourne CBD office space currently being seen.

“The low interest rate environment is really fuelling buyer appetite to invest in commercial property,” Mr Tuxworth said.

 

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About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue).  The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.au.

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