Sackville St, Collingwood

Senior Debt

$56m Gross Realisation Value

Spanning over 5,300m², this thoughtful and sustainably designed boutique office building occupies a sought-after position in Collingwood’s vibrant center. An A Grade building, offering 9 floors of light-filled efficient retail and office accommodation, an eye-catching double-height lobby, spacious rooftop terrace, superior end-of-trip facilities, and stunning 360-degree views of Melbourne CBD and Dandenong Ranges.

Monark provided the developer with an initial land debt facility to settle the property followed by a senior debt construction facility with zero prelease commitments. On completion of the building, Monark provided the developer with a cost effective term debt facility to undertake an orderly letting up program so as to maximise the commercial outcomes of each and every tenancy.

Monark supported the development from inception to completion, creating an intergenerational asset for our client and stunning addition to the Collingwood commercial office market.