Marprop Futuro JV and NA Investor Acquire 300 Flinders Street Melbourne Office Asset
Posted on 11/27/2021
Marprop Futuro JV Pty Ltd is an Australian joint venture between Marprop Real Estate Investors and Futuro Capital. Marprop Futuro acquired a 21-storey Melbourne office with a North American institution for A$ 80.8 million. The property is at 300 Flinders Street, located near the Town Hall Metro Station in the central business district of Melbourne.
The seller is Singapore-listed Hotel Grand Central. Hotel Grand Central acquired the office through a sale-and-leaseback deal with Victoria University in 2013.
In October 2021, Marprop Futuro jointly purchased the Wentworth Sofitel hotel in Sydney with KKR for A$ 315 million.
Futuro Capital is an Australian based private property group, focusing on Australian & New Zealand real estate. Sydney-based Marprop Real Estate Investors is a real estate investor company.