News & Research

Mirvac Sells Half Stake in Docklands

After having bought 7 Siddeley Street and 7 Spencer Street, Docklands as a development site for $200 million in 2019, Mirvac earmarked the former as a build-to-rent residential apartment block. This is to be a 32-storey tower comprising 472 apartments, including 20 affordable housing apartments, flexible office space of 2,800 sqm, ground floor retail shops and over 2,300 square meters of amenity space including a pool, gym, co-working spaces, multimedia & wellness rooms, business lounges, entertaining spaces and a dog park. The building was designed by architects, Fender Katsalidis and Six Degrees and is currently under construction.

Next door at 7 Spencer Street another Fender Katsalidis designed building is to be a 46,000 sqm, A-grade commercial office tower, which will feature 21 levels with floor plates of between 2,700 sqm and 3,000 sqm and have a strong a focus on sustainability and wellness. Ideally located, the building will be only minutes away from Southern Cross Station and also have relaxing views of the Yarra River.

Recently Mirvac has sold a 50% interest in this yet-to-be-built commercial tower to a joint venture partner, Daibiru Corporation. Daibiru, headquartered in Tokyo, Japan, owns and creates offices, hotel buildings and retail complexes, aiming to create comfortable and life-enhancing spaces that add value to local streets and area. They have paid $84.7 million for the half stake.


CoreLogic Australia

CoreLogic Australia

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