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Site up for sale

06 Jun 2017

Site up for sale Image

Carlton & United Breweries (CUB) is selling its Southbank headquarters on the corner of Southbank Blvd and Sturt St.

A spokesperson for CUB has confirmed that Colliers International has been appointed sole agents to manage the international expressions of interest campaign, with the building reportedly tipped to fetch $80 million.

Comprising a net lettable area of 14,000 sqm, CUB has occupied the building since it was constructed in 1991. It has since undergone a major refurbishment, which was completed in 2014.

CUB corporate affairs director Julian Sheezel told Southbank Local News that while it was selling the headquarters, CUB would continue to occupy the building as long-term tenants.

“The six-storey building at 77 Southbank Boulevard, in the heart of the Arts Precinct, is to be sold on a sale and long-term leaseback,” he said.

“There is strong interest from domestic and offshore investors given the quality of the lease to CUB and long-term secure income.”

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