The Melbourne office market has just received its newest – and possibly unluckiest – CBD tower, with the completion of 130 Little Collins Street two years later than initially scheduled and after two successive contractors collapsed while building the tower with an estimated value of $180 million.

Developer Golden Age’s 28-storey strata office tower also faces lower selling prices for its remaining space. It presold the first 60 per cent of its 9788 square metres for what owner Jeff Xu said in 2021 was an average rate above $18,500 a square metre.

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