Frasers Commercial Trust completes inaugural Melbourne acquisition worth $246m
Committed occupancy has risen to 98.4%.
Frasers Commercial Trust has completed its acquisition of 357 Collins Street, its first office property in Melbourne, Australia.
357 Collins Street was acquired for $246m (AS$237.7m). FCOT said that the property will contribute towards the financial results from the fourth quarter of
this financial year onwards
.