Melbourne is Australia’s second largest city. It is ranked as one of the world’s ‘most liveable cities’ and its finance sector holds over 60% of Australia’s superannuation fund institutions. In contrast to Sydney and Brisbane, there is considerable land still available for development within and close to the CBD. This has resulted in new inner city precincts such as Docklands redefining and expanding the CBD.

The city is characterised by its grid-like Central Business District and network of ring roads and freeways to its ports and airports. It boasts the largest 24/7 freight and passenger airport in Australia and the largest and most modern container handling port. It has a strong manufacturing base and services sector.

Grosvenor has been investing in Melbourne office property since the early 50s – acquiring, developing and divesting on behalf of investors. We continue to keep a watching brief on activity in this market and future opportunities.