MACQUARIE Office Trust is believed to be selling a half share interest in a proposed $260 million office, in Collins Street’s “Paris end”, to CBus Property.
 
Sources say Macquarie will reap between $15 million and $20 million for a 50 per cent stake of the 171 Collins Street office proposal, which set a landmark planning precedent last July, by more than doubling the regulated height of a building in the “Swanston Street spine”.
 
Earlier this year, Macquarie lodged an application to add an 18th level to the proposed glass building, bringing the total lettable commercial and retail area to about 42,329 square metres. 

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