Suburban Melbourne Office Market Buoyant
The Melbourne office market has been in the spotlight recently as population and commercial growth expands away from the CBD and into suburban areas. In the latest sign of the trend, Macau investors have bought out an office development at Ringwood in Melbourne’s east fully pre-committed to the government for $28.3 million.
The take-out-style transaction was struck on a tight yield of 5.3 per cent, an indicator … Read more »