St Kilda Road boulevard office sold for $57.5m
Melbourne-based Bayley Stuart Capital has sold a premium building at 606 St Kilda Road on the leafy boulevard to a Chinese investor for $57.5 million. The investment firm managed by Alasdair and Andrew MacGillivray sold the glass-encased office tower to Ginkgo Investments, a high-quality glass manufacturer based in Shenzhen, China.
Bayley Stuart Capital Swoops on $50m Cremorne Office Project
Low vacancy rates and rising demand in Melbourne’s office market has created the perfect environment for the $50 million off-the-plan sale of a Melbourne fringe office building.
AXA joins march into fringe office markets with $100m deal
Global investment giant AXA has joined the wave of money pouring into Melbourne’s fringe office markets after striking a deal to acquire MYOB’s new $100 million Melbourne premises in Cremorne being developed by Joe Russo’s Caydon Group.
IOOF invests in landmark office for $22.1M
A landmark office building in West Melbourne has sold for $22.1million, reflecting the ongoing demand for well-located commercial assets with strong fundamentals in city-fringe suburbs.
Domain joins Cremorne rush
A landmark office building in West Melbourne has sold for $22.1million, reflecting the ongoing demand for well-located commercial assets with strong fundamentals in city-fringe suburbs.
