388 William Street, Melbourne

• Commercial
• Development

Located on the northern fringe of Melbourne's CBD, 388 William Street is a 1.15 hectares site with three street frontages. Sitting opposite the Flagstaff Gardens, Flagstaff Station and the Queen Victoria Market, the site is within two blocks of Melbourne Central and the retail core.

Drapac acquired planning permission for a substantial campus-style office development, comprising approximately 75,000 square metres of office space with associated car parking.

Drapac sold the property in five lots between October 2008 and July 2009 achieving an excellent return on investment during a period when the market was significantly affected by the Global Financial Crisis.