Colliers International appointed to sell Treasury SquareColliers International has been appointed by EY on behalf of VicTrack and the Victorian State Government to bringing to market Treasury Square; an unprecedented development opportunity encompassing approximately 13,594m² of site area within the exclusive and premium East End of the Melbourne CBD. The campaign will be marketed by John Marasco, Trent Hobart and Anna Cavar in conjunction with the Transaction Manager, EY.
The site comprises vacant transport land located on the southern side of Flinders Street, spanning the area between Exhibition Street and Wellington Parade South. The site is located adjoining and in part over rail.
The area is mostly used for car parking and is currently underutilised given its premium location. Building on the site would require decking over part of the rail corridor, making it suitable for a significant development generating sufficient returns to cover the cost of the complex works.
“With a limited supply of land in the East End, Treasury Square provides a rare opportunity to deliver a landmark mixed-use development in Melbourne’s most valued commercial, residential and hotel precinct. Mr Marasco said.
“This is placemaking on a global scale. This is an opportunity for a visionary developer to make their mark on the landscape of the Melbourne CBD into the future.”
Treasury Square is for sale via an International Expressions of Interest campaign closing Friday 8 November at 5pm. For more information, please visit www.treasurysquare.colliers.com.au.