Orchard to Pocket $54 Million From 350 Collins Street Sale
Orchard – the new name for the company previously known as SAITeysMcMahon – paid $55.5 million for 350 Collins Street in late 2005.
Part of that spending spree saw it acquire the Kvaerner House building in St Kilda Road for $58.1 million. That property is on the market at the moment for about $60 million.
Representatives from Orchard, and selling agent Jones Lang LaSalle, declined to comment.
