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Report: Mirvac off-loading A$550M of properties in Australia

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Report: Mirvac off-loading A$550M of properties in Australia

is selling A$550 millionof properties in Canberra, Melbourne and Sydney, The Australian reported.

The companyis said to be selling a pair of buildings in Rhodes, Sydney, to Altis Property Partnersfor around A$250 million. It appointed Knight Frank and CBRE to market the primeassets in the Rhodes Waterside development in March.

The 14-floor5 Rider Boulevardoffers 25,015 square meters of office and parking spaces, while the seven-floor3 Rider Boulevardhas 16,811 square meters for offices and three retail outlets.

The second asset for sale, Mirvac's ComoCentre, is expected to carry a price tag of roughly A$230 million. NewmarkCapital is reportedly in due diligence to acquire the mixed-use property in Melbourne.

The Como Centre in Melbournehas 25,500 square meters of office space across three towers and a retail centerwith 30 shops and a cinema. The 107-room Como Hotel also complements the complex.

Finally,in Canberra, an unnamed private Queensland-based group entered into due diligenceto acquire the Aviation House for A$70 million, according to the publication.

The gradeA building at 16 Furzer St. in Woden comprises nine levels of office space, a ground-levelcafé and two basement-parking levels across 14,812.10 square meters, according toMirvac's website.

As of May 9, US$1 was equivalentto A$1.37.