Investment Portfolio
541 St Kilda Road, Melbourne
The St Kilda Road property is one of five properties in Stockland Direct Office Trust No.3. Find out more
The Property is located in the St Kilda Road office precinct, Melbourne's second largest office precinct and is approximately four kilometres from the Melbourne CBD. This precinct is the location of numerous national and international companies and is particularly favoured by advertising, media and technology related businesses.
Seek Limited is the major tenant of the Property, leasing over half the building for a period of five years and five months from January 2007. Seek is an ASX listed company and is one of Australia's largest internet jobs advertisers and in the past four years has received numerous business related awards in Australia and New Zealand.
Key Information
| Location: | 541 St Kilda Road, Melbourne VIC |
| Acquisition Date: | June 2007 (upon Allotment of units) |
| Ownership/Title: | 100% / Leasehold |
| Independent Valuation: | 30 June 2008 |
| Valuation ($/m2): | $29.8 million ($3,612/m²) |
| Net Lettable Area: | 8,251m² |
| Car Parking Spaces: | 128 |
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