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.

Marc Pallisco

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

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