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Challenger Sells 417 St Kilda Road, Melbourne, For $80 Million

The asset is the second for Newmark in the past ten months. Last December the syndicate paid about $55 million for a homemaker centre in Chadstone in Melbourne’s south-east. The syndicate and the agency, Colliers, declined to comment to the AFR which reported the sale.

Elsewhere in the tree-lined boulevard south of the Melbourne CBD, 441 St Kilda Road sold for $58 million recently. The company sold a 10-level office at 607 St Kilda Road to an investor for $28.54 million.

About Marc Pallisco

Marc is a leading Real Estate freelance writer, author and analyst. He is also the founder for Realestatesource.com.au and is also employed as lead property writer for The Age. He currently resides in Melbourne, Victoria.

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