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LIV building at 470 Bourke Street Melbourne

LIV building at 470 Bourke Street Melbourne

By LIV Media

A New Home 

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The Law Institute of Victoria has decided to sell its 470 Bourke Street building, following an examination of the long term needs of its members and how best to support the legal profession in Victoria.

The LIV Council has decided to divest the building and seek a leaseback arrangement after endorsing a report from the LIV Building Working Group and obtaining advice from consultants into the future of the building and the current market conditions for office accommodation.

The LIV is seeking further information about the leaseback and is exploring options around the possibility of purchasing or leasing a property in the Melbourne legal precinct in the short to medium term.

The final decision to sell will be contingent on whether we can achieve maximum value for the property in the current strong market conditions.

LIV Chief Executive Officer Nerida Wallace said: “This is a very exciting time for the LIV, our members and employees. Our 470 Bourke Street building has served us well, but the time is right to seek modern office accommodation for a new era for the LIV.

“We will continue to explore options and work in the best interests of LIV members and employees to ensure we operate from a building that is fit for purpose and allows us to properly represent and support the legal profession.”


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