ARA Asset Management reported to be eyeing stake in Mirvac’s Olderfleet office development

SINGAPORE (June 15): ARA Asset Management has been said to be in line to purchase a half-share of Mirvac’s Olderfleet office development at 477 Collins Street, Melbourne, Australia.  

Mirvac is a real estate group listed on the Australian Stock Exchange, and creates, owns and manages a portfolio of assets across the office, retail, industrial and residential property sectors in Australia.

The group is in the midst of redeveloping the Olderfleet building into a 40-storey premium office tower spanning 55,000 sq m.

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