Lendlease fund sells Melbourne office tower for half 2022 purchase price
Lendlease's unlisted Real Estate Partners 4 fund sold a 15-storey Melbourne office tower at 459 Little Collins Street for $36 million on Friday, less than half its $83 million 2022 purchase price. The B-grade building attracted five competing bidders before selling to a local private investor. The sale reflects broader struggles in Australia's office market and Lendlease's asset divestment strategy.
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Published 16 Jul 2026, 19:00 UTC · Updated 16 Jul 2026, 19:20 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections