A 5,905m² office asset in inner-city suburb of Carlton just opposite the Melbourne Museum and the historic Royal Exhibition Building, with 175 car parks and a diversified tenant base. Over half the space was leased to government agencies, supporting stable income. When a vacancy emerged, Forza restructured tenancies, reclaimed NLA, and secured lease extensions. With market conditions favourable, the asset was sold at a significant uplift, highlighting the benefits of location, lease stability, and active asset management.
This was a classic income-plus-upside play — strong distributions, a large landholding, and smart leasing moves that unlocked value and delivered a standout total return with minimal risk.
