Today it was announced that Dexus is undertaking exclusive due diligence Melbourne’s dynamic and multi-purpose 80 Collins Street owned by Queensland Investment Company, QIC. The investment which is said to be worth at least $1.3 billion is the largest single transaction in Melbourne’s commercial property market in recent times.

“80 Collins represents a once-in-a-generation opportunity for us to create a multi-purpose place of lasting appeal because office space in the top end of the market is scarce,” said the acting managing director of QIC Global Real Estate, David Asplin.

The mixed-use precint includes a 52-storey tower, a 39-storey tower in development that has already attracted 50% pre-commitments, a retail complex and a hotel.

Overlooking the Royal Botanic Gardens, the tower has been designed to achieve a 5-star NABERS energy rating and a 6-star Green Star office design rating.

Designed by Woods Bagot and UN-Studio, construction is being handled by Multiplex.

> Find out more about 80 Collins Street