In a compelling show of cross-border investor confidence, Singaporean vendor Roxy-Pacific has sold the iconic Melbourne House at 354–360 Little Bourke Street to a Sydney-based investor.
While the sale price remains undisclosed, the transaction - secured after eight competitive offers, marks a significant milestone in the resurgence of Melbourne’s CBD property market.
The Sydney investor emerged victorious over a competitive field of underbidders - including local developers and owner-occupiers; drawn by the site’s rare potential and strategic location.
The campaign, run by Cushman & Wakefield’s Oliver Hay, Daniel Wolman, and Leon Ma and JLL’s Tim Carr, Josh Rutman and Jesse Radisich, generated strong engagement from value-add investors, owner occupiers and developers.
Melbourne House, a six-storey character 4,587 sqm* building with 68 metres* of combined street frontage, sits on a 937 sqm* site in the heart of the city’s bustling retail core.
According to Cushman & Wakefield’s Oliver Hay “This sale is more than a transaction; it’s a signal that as Melbourne’s population continues to surge and pedestrian activity in the CBD rebounds, investors are once again placing their bets on the city’s long-term growth”.
JLL’s Tim Carr commented that “the depth of bidding from a variety of buyer cohorts demonstrates the changing of the tide from buyers who are taking a more optimistic outlook on the future of the Melbourne CBD.
Sydney Investor backs Melbourne’s future with Melbourne House acquisition
Jess Freeman • 17/07/2025
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
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