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La Trobe University Sells Argus Building For $15 Million

It’s expected Mr Ghale will sell a Lonsdale Street office which currently houses MIT students. The education focussed property developer is also building an $80 million facility in William Street which also includes student accommodation, The Australian reports.

The building was the scene of a dispute between vendor La Trobe University, and the private developer the school bought the building off, after it was discovered “larger-than-expected” amounts of asbestos.

La Trobe University was reported as paying $8 million in 2004 for the 6-level office building, home to the Argus newspaper until it closed in 1957.

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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