- The office tower is 82% leased
- There is 15,000 sqm of leasable area across the two buildings
- Cushman & Wakefield have been appointed to manage the sale
54 Wellington, Impact Investment Group’s (IGG) flagship Collingwood office project, has been listed the sale.
Touted as the most sustainable Melbourne office tower on the market, the A-Grade building is now 82% leased, with a range of tenants including Bank Australia, The Commons Co-Working Group, Yoorrook Justice Commission, Expression Australia and Today.
The building is a 6-Star Green Star ‘as built and design’ asset, and is targeting a 5 Star NABERS Energy rating. There are 15,000 sqm of office and leasable space across the 12-storey and five-storey buildings.
The price guide is $160 million.
“IIG has been a pioneer in green property investing, helping make what was once forward-thinking now mainstream practice. Our mission has always been to shift capital towards investments that blend financial returns with deep social and environmental impact,” said Impact’s Head of Asset Management, Dan Colman.
“54 Wellington is testament to Impact Investment Group’s belief that sustainable property investment is about more than bricks and mortar.
“At 54 Wellington, the community is as significant a feature as the fixtures and fittings. We applied a sustainability lens to the leasing of the building, where traditional covenant strength went beyond a tenant’s balance sheet – because we know that those who do good, also do well.”
Dan Colman, Impact Head of Asset Management
John Wardle Architects have designed the building, with landscapes designed by Openwork + Robyn Barlow.
Cushman & Wakefield’s Leigh Melbourne, Nick Rathgeber, Mark Hansen and Josh Cullen have been appointed as the exclusive selling agents.
Mr Melbourne said 54 Wellington offers a combination of features that responsible and modern global investors were actively seeking.
“54 Wellington is an outstanding investment opportunity for local and offshore capital looking for a premium investment, with environmental upside,” he said.
“Furthermore, in recent years, there has been an increase in the number of companies that are certified as sustainable and responsible workplaces. This is a positive trend, and one that is likely to continue as the pressure on businesses to operate sustainably increases.”
Leigh Melbourne, 54 Wellington
“54 Wellington is designed to achieve the highest possible ESD ratings and is occupied by purposeful tenants who prioritise the local and broader community in addition to their own stakeholder interests.”
International expressions of interest close Thursday 3 November.
