The landmark deal, comprising three whole-floor corner offices spanning approximately 1,269 sqm, marks a significant milestone for the CBD strata sector, which has faced subdued conditions in recent years amid broader market uncertainty.
Positioned prominently at the intersection of Queen and La Trobe Streets, the asset’s scale, flexibility and gateway location proved highly compelling for both owner-occupiers and investors seeking long-term value.
Although the price remains undisclosed, the campaign generated strong competitive tension, attracting more than 40 enquiries, eight private inspections and five formal offers, signaling a clear shift in buyer engagement levels and a return of depth to the Melbourne CBD market.
The sale was negotiated by Jack Cooper, Anthony Kirwan, George Davies and Leon Ma of Cushman & Wakefield, who said the result reflected a growing appetite for high-quality, whole-floor strata opportunities that offer scale, profile and adaptability.
“This transaction is a real turning point for Melbourne’s CBD strata market,” said Jack Cooper of Cushman & Wakefield.
“We saw genuine competition from buyers who recognise the long-term value of well-located, whole-floor offices. The level of enquiry and the number of offers clearly demonstrate that confidence is returning, particularly for assets that provide flexibility, strong fundamentals and future optionality.”
Located at the heart of Melbourne’s legal precinct and moments from Melbourne Central and Hardware Lane, the building benefits from excellent connectivity, prominent street presence and access to a suite of premium end-of-trip and lifestyle amenities.
Mr Cooper noted that the offering appealed to a broad buyer pool, including professional services firms, technology occupiers and investors seeking exposure to tightly held CBD strata stock.
“As institutional capital remains selective, this transaction highlights the growing role of private capital and owner-occupiers in driving activity, particularly where assets align with evolving workplace requirements and long-term city fundamentals” he said.
This sale further reinforces Cushman & Wakefield’s leadership position in the sector, having captured an estimated 80 per cent market share of Melbourne CBD strata office transactions in 2025.
