Mirvac Sells Half Share In Yet To Be Completed Commercial Development

Developer, Mirvac, has entered into an agreement to sell a half share in its yet to be completed commercial development in Melbourne.

Developer, Mirvac, has entered into an agreement to sell a half share in its yet to be completed commercial development at 477 Collins Street, Melbourne. The purchaser, Suntec REIT, has paid $414 million for the share. Suntec, which listed on the Singapore exchange in 2004, is an investment trust specialising in retail and commercial real estate, including…