ISPT has exchanged contracts for a 50% freehold interest in the commercial and retail components of Collins Arch, 447 Collins Street, Melbourne.
Cbus Property retains a 50% interest in the commercial and retail components and is the development manager and has full development responsibility for the hotel and residential apartments.
Collins Arch is a development site located on the corner of Collins and William Streets in the Melbourne business district. The proposed development includes 49,000 sqm of premium grade office space over 24 levels and 800 sqm of ground floor food and beverage retail.
As a mixed use development it will also include a 5 star hotel and 202 luxury residential apartments.
The commercial component of the development is due for completion in late 2019.