Harmony Wellington

Building type/sector: Office

Investor return:
7.0% per annum distribution

Constructed in 2009 to a premium standard and located in arguably the most sought-after office location in affluent East Melbourne, the building delivers stunning views towards the MCG and Southbank.

What sets this building apart from the pack is its ease of access to the CBD whilst not enduring the CBD congestion, being 500m from the corner of Spring and Collins Street and less than 250m from Flinders Street.

 

The property provides over 5,500 of office lettable area with a ground floor café, supported by more than 60 parking bays in the basement. Global insurance powerhouse Arthur J Gallagher have been the anchor tenant for over a decade having moving in shortly after the development was complete, with balance tenants including but not limited to Innovation & Business Skills Australia and Madman Entertainment, who are a leading Australian film, documentary and television distribution and rights company servicing Australia and New Zealand.

 

289 Wellington Parade, Melbourne, VIC

Building/Sector Type: Office

Acquisition Date: December 2009
Purchase Price: $27.0 million