588 Swan Street, Richmond, VIC
Located at 588 Swan Street, Richmond, the 3,621m² land parcel sits within the desirable Botanicca Corporate Park, a premium city fringe office precinct approximately 4km’s east from the Melbourne CBD. The Melbourne city fringe office market is currently one of the strongest performing suburban office markets in Australia with a low vacancy rate of 3.5% and strong tenant demand.
The Fund has engaged Melbourne construction company, Hamilton Marino, and will construct a new 7,254m², 5 level A-grade office building with floor plates ranging from 1,200m² to 1,500m², to be known as Botanicca 9. GDF is targeting a 5 Star NABERS rating for Botanicca 9 and expects construction to be completed by first quarter 2019.
|Year of Construction||2017/2018|
|Valuation (upon Completion)||$62,500,000|
|Valuation Date||November 2017|
|NABERS Rating||targeted 5 star|
|Number of Tenants||N/A Under Construction|
|Occupancy||N/A Under Construction|
|WALE||N/A Under Construction|