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LaSalle And German Pension Fund Snap Up Docklands Tower

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An office tower in Melbourne's Docklands has been acquired for $80 million, according to The Australian.

The newspaper reported that LaSalle Investment Management and German pension fund Bayerische Versorgungskammer (BVK) had purchased the 11-storey tower at 380 Docklands Drive.

Sydney-based firm Fitzpatrick Investments sold the building, with the deal negotiated by Colliers International's Leigh Melbourne and Nick Rathgeber.

The 12,000sqm building is currently the home of CSC (ComputerScienes Corporation) and Invensys Rail.

Located within the New Quay precinct, 380 Docklands Drive was designed by Bates Smart Architects and was completed in 2010. It offers end of trip facilities.

 

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Article originally posted at: https://theurbandeveloper.com/articles/380-docklands-drive-docklands