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$400 Million Sale for Rundle Place

04 Feb 2016

$400 Million Sale for Rundle Place

In Februrary epc.Pacific sold highly regarded asset, Rundle Place to US-based private equity company, Blackstone for a record $400million. 

The retail component has an area of 22,000 sqm, and includes more than 85 shops. The 11-storey office tower at 80 Grenfell Street has a net lettable area of 23,500 sqm and is leased to Bendigo and Adelaide Bank.  

Rundle Place is a new retail and office development on the site of the old Harris Scarfe department store on Grenfell Street. It was developed and completed in 2013.