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.
| Location: | 541 St Kilda Road, Melbourne VIC |
|---|---|
| Acquisition Date: | June 2007 |
| Ownership/Title: | 100% / Leasehold |
| Independent Valuation: | 31 December 2009 |
| Valuation ($/m2): | $25.2 million ($3,054/m²) |
| Capitalisation Rate: | 9.50% |
| Discount Rate: | 9.50% |
| Net Lettable Area: | 8,251m² |
| Car Parking Spaces: | 128 |
Stockland Capital Partners Limited (ABN 86 078 081 722, AFS Licence No 241188) is the Responsible Entity of Stockland Direct Office Trust No.1 (ARSN 110 688 009), Stockland Direct Office Trust No.2 (ARSN 115 017 466), Stockland Direct Office Trust No.3 (ARSN 124 439 925) stapled to Stockland Holding Trust No.2 (ARSN 132 129 134), and Stockland Direct Retail Trust No.1 (ARSN 121 832 086) and the Fund Manager of Stockland Residential Estates Equity Fund No.1.