Investment Portfolio

222 Russell Street, Melbourne

The Russell Street property is one of five properties in Stockland Direct Office Trust No.3. Find out more

The property is a nine level car park built in 1997. Stockland Direct Office Trust No.3 acquired a leasehold interest in 479 car parking spaces.

The property is located on Russell Street, which is approximately 475 metres east of the Melbourne General Post Office, within the north east core of the Melbourne CBD.

The majority of car parking spaces are leased to EziPark Pty Limited, the car park operator, until June 2010. EziPark is a subsidiary of the Hindmarsh Group, a major construction and property developer. EziPark was established in 1997 and now manages a portfolio of 18 car parks across Melbourne, Adelaide and Canberra.