Real estate investment trust Dexus could be set to take over QIC’s 80 Collins Street precinct in a deal reported to be in excess of $1.3 billion.

Comprising a net lettable area of 50,600 square metres, the 52-storey office tower was brokered for sale through JLL and Savills.

In a statement released to WILLIAMS MEDIA, Dexus said the deal was still in process.

"Dexus, along with capital partners, is undertaking exclusive due diligence on 80 Collins Street, Melbourne," it read.

"The deal is not complete so we cannot comment on capital partners or funding sources."

The Australian Financial Review reported last month that Charter Hall and AMP Capital were also in the mix for the sale, along with foreign buyers thought to include private equity giant Blackstone, which is invested into the Southern Cross towers just behind. 

QIC is in the midst of developing a mixed-use project in the area surrounding the tower, which will include a 39-storey office tower, now more than halfway leased, along with a 300-room hotel and a retail complex.

Committed tenants include Macquarie, McKinsey and DLA Piper. 

Multiplex is building the Woods Bagot and UN Studio-designed 6-star Green Star tower, which overlooks the Royal Botanic Gardens.

The 39-storey building has street frontage on Little Collins, Collins, and Exhibition Streets. 

Click here for more information about 80 Collins Street.

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