Melbourne’s Prime Commercial Real Estate: A Beacon for Global Investment in 2025
Melbourne, Australia – March 26, 2026 – In a move that underscores Melbourne’s enduring appeal in the global commercial real estate arena, a prominent 15-storey office tower located at 350 Collins Street is poised to command a significant price tag, estimated to be around $140 million. This prime piece of Melbourne commercial property has already attracted a surge of interest from discerning international investors, notably from Malaysia and Singapore, with several prospective buyers making the journey to inspect the asset firsthand.
The building, a distinguished fixture on the bustling Collins Street, is being brought to market by Shakespeare Property Group, a company renowned for its strategic investments and developments. This offering follows a substantial refurbishment of the 350 Collins Street property, which was meticulously updated in 2020, enhancing its appeal and operational efficiency.
Leigh Melbourne, a director at the esteemed commercial real estate agency Cushman & Wakefield, who is co-listing the property with colleague Nick Rathgeber, confirmed that the formal market launch is scheduled for the coming week. However, the buzz surrounding this landmark Melbourne commercial property has been palpable. Mr. Melbourne has already been fielding an impressive volume of early inquiries, not only from domestic Australian investors but also from a sophisticated array of international buyers. This includes well-capitalised family offices and institutional investment funds, some of whom have flown in specifically to evaluate this compelling Melbourne office space.
“It’s exceptionally rare to encounter a property that generates such widespread and enthusiastic interest,” commented Mr. Melbourne, a seasoned professional with a decade of navigating the complexities of the commercial property market. “The calibre of interested parties, encompassing both established local players and international entities, speaks volumes about the intrinsic value and strategic positioning of 350 Collins Street.”
Global Capital Seeks Australian Stability and Value
A notable trend emerging from these early discussions is the growing inclination of investors traditionally focused on established European office hubs, such as London, to pivot their attention towards Australia. This shift is being driven by a search for secure investment havens amidst geopolitical uncertainties and economic volatility on a global scale. The perceived stability and predictable regulatory environment of Australia, particularly in its major urban centres, are making it an increasingly attractive proposition for international capital.
Furthermore, despite the current economic climate, which includes elevated interest rates and ongoing discussions about vacancy rates and taxation impacting Victoria’s capital, Melbourne continues to present a compelling value proposition when compared to other major Australian cities, such as Sydney. This comparative affordability, coupled with the city’s robust economic fundamentals and burgeoning population growth, contributes to its attractiveness as an investment destination.
A Testament to Strategic Investment and Modern Appeal
The 350 Collins Street property itself is a testament to thoughtful investment and contemporary design. The building’s foyer underwent a significant upgrade, valued at nearly $2 million, as part of the 2020 refurbishment. This investment has resulted in a modern and inviting entrance that sets a positive tone for tenants and visitors alike.
Spanning a total lettable area of 17,400 square metres, 350 Collins Street boasts an impressive occupancy rate exceeding 90 per cent. This high level of occupation not only demonstrates strong tenant demand but also translates into substantial rental income. Upon achieving full lease-up, the tower is projected to generate an annual income of over $9.1 million, offering a robust return on investment for its future owner.
Nick Rathgeber, Mr. Melbourne’s colleague and co-listing agent, highlighted a discernible increase in demand for mid-sized office buildings within Melbourne over the past 18 months. “The consistent transactional activity and the pricing evidence generated by these deals are now instilling renewed confidence in offshore investors to re-enter the Melbourne market,” Mr. Rathgeber observed. “Their natural preference, understandably, leans towards prime opportunities located on prestigious addresses like Collins Street, where 350 Collins Street unequivocally resides.”
The strategic location of 350 Collins Street further amplifies its desirability. Situated in the heart of Melbourne’s central business district, the property benefits from immediate proximity to a vibrant ecosystem of retail precincts, including the renowned Degraves Street and Bourke Street Mall. An abundance of cafes, dining establishments, and excellent public transport links further enhance its appeal to businesses and their employees, fostering a dynamic and convenient working environment. This is particularly relevant in the current market, where employee well-being and accessibility are paramount considerations for office space.
A Market Reflecting Renewed Confidence in Melbourne Commercial Property
The current market activity serves as a strong indicator of renewed confidence in Melbourne’s commercial property sector. In October 2025, for instance, Fortis, a property development company operating under the umbrella of the Pallas Group, secured a 16-level office site on Collins Street for $60.35 million. This transaction, overseen by a joint team of leading real estate professionals from CBRE and Cushman & Wakefield, underscored the ongoing demand for well-located office assets.
Further solidifying the international appeal of Melbourne’s commercial real estate, Singaporean fund manager TCA made a significant acquisition in November 2025, investing $383 million in a Docklands complex at 750 Collins Street. This substantial investment, which houses Monash University as a key tenant, was an off-market sale expertly managed by Cushman & Wakefield and Colliers, demonstrating the depth of capital seeking to enter the Melbourne market.
A Comprehensive Offering for Discerning Investors
The 350 Collins Street property is not merely an office tower; it is a comprehensive commercial asset designed for optimal functionality and tenant experience. Beyond its prime Collins Street address, the building features dual frontage, extending to Little Collins Street, providing enhanced accessibility and visibility. A basement car park addresses a critical need for urban office spaces, while the main entrance boasts an integrated media screen, offering dynamic display capabilities. Internally, multiple lifts ensure efficient circulation, complemented by a dedicated business lounge designed to foster collaboration and provide premium amenities for tenants.
Shakespeare Property Group, the vendor, is the dedicated commercial property division of Prime Value Asset Management, a well-established Melbourne-headquartered boutique investment management firm. Collectively, the group manages a substantial portfolio valued at $3 billion. This extensive holdings list includes a diverse range of assets, from 5,800 hectares of prime Victorian and Tasmanian farmland to four established Victorian retirement villages, the luxury Peppers Marysville resort, the Novotel Cairns Oasis Resort in Queensland, and the heritage-listed Woolstore 1888 hotel in Sydney. This track record highlights Shakespeare Property Group’s extensive experience and success in managing high-value, diversified real estate portfolios, lending further credibility to the offering of 350 Collins Street.
Expressions of Interest for 350 Collins Street will officially close on April 29, 2026. With the market abuzz and significant international interest already demonstrated, the property is widely expected to achieve its projected circa-$140 million valuation, marking another significant transaction in Melbourne’s dynamic commercial property landscape. This sale represents not just the transfer of a prime asset but also a strong endorsement of Melbourne as a secure and rewarding investment destination in the evolving global real estate market.
For astute investors looking to capitalise on Melbourne’s resilient market and secure a premium commercial asset with significant income potential, the opportunity at 350 Collins Street presents a compelling proposition. We invite you to explore this exceptional Melbourne commercial property offering and discover how it can align with your investment objectives.
