Furniture broklyn, Melbourne’s tallest residential tower, has been listed on the ATSX-listed Real Estate Brokers’ Composite Market, which is a broad range of the nation’s top 100-per-cent-owned residential properties.
It is the second time in the past month that the apartment block has been added to the AISX-100 index, which ranks the nation ‘s largest housing market.
The building, known as “Furniture Brook”, is at the heart of Melbourne’s high-rise shopping precinct, which was built in the 1920s.
A number of towers were built on the site between 1970 and 2002, but none have made it to the list.
The listing, published on Tuesday, comes as Furniture Brook’s owners, a group of Australian-based developers, plan to move the building from the market to the city’s city centre, and move out the current tenants, according to the Australian Financial Review.
“The redevelopment will result in a revitalisation of Furniturebrook and will deliver a new retail experience for the local community,” the developers said in a statement.
Furnity Brook is Australia’s tallest building with a height of 541 metres.
Its height will rise by two storeys to 717 metres when it is finished.