CLI acquires 22-storey office tower in Melbourne

The asset is the fifth investment made by CLI in Australia within six months.

CapitaLand Investment Limited (CLI) has acquired a 22-storey freehold office tower in Melbourne, making it the fifth investment of the company in Australia within six months.

The office tower was CLI’s first Australian asset acquired through the company’s regional core-plus fund, CapitaLand Open-End Real Estate Fund (COREF).

Following the acquisition, the total investment made by the CLI through the COREF now amounts to approximately $1.24b (US$900m).

The Melbourne building is located at 120 Spencer Street with a committed office occupancy of 97.5% and long weighted average lease expiry of 6.7 years

It also has a net lettable area of 32,000 square metres.

Meanwhile, CLI’s wholly owned lodging business unit, The Ascott Limited (Ascott), also acquired its first lyf-branded coliving property in Sydney, lyf Bondi Junction Sydney, via the Ascott Serviced Residence Global Fund.

Follow the link for more news on

CapitaLand

Acquisitions

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia