Buildings Riverside Quay
OFFICE

2 RIVERSIDE QUAY

2 Riverside Quay, Southbank, VIC 3006

Developed by Mirvac and completed in 2016, 2 Riverside Quay is located along the waterfront of Southbank, directly across from Melbourne's CBD. The office development was built above an existing eight-level car park structure and comprises 12 levels of office with ground floor retail and a roof top terrace. Leading sustainability initiatives were implemented within the building, including high-performance air conditioning, rainwater capture and recycling, and the use of high-performance glazing and facade systems to reduce solar loads resulting in a 5.5 star NABERS energy rating.

Grade
A
Nabers Rating
5.5 Star
Ownership
50% Mirvac, 50% ISPT
NLA
21,132 SQM

Summary information

Acquisition/Agreement Date Dec-16
Last External Valuation Date 30-Jun-21
Valuation at 30-JUN-22 $155.3m
Valuer Directors Valuation
Capitalisation Rate 5.00%
Discount Rate 6.25%
Gross Office Rent $781/SQM
Car Spaces 567
Valuation: Book value represents Mirvac's ownership.

Lease Expiry Profile % Income

Wale: 6.3 YEARS

Major Tenants

Entity Name NLA SQM Lease Expiry
PwC 17,257 Jan-29
Entity Name NLA SQM Lease Expiry
Wilson Parking - Jan-29
Riverside quay facade

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Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.  

Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.