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.

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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