APBC Reaps $12.5 Million From 480 Collins Street Shops
ASIAN Pacific Building Corporation has pocketed $12.5 million from the sale of nine city shops, at the ground floor of the Oaks on Collins serviced office and serviced apartment building, at 480 Collins Street.
Only two of the retail investments had frontage to Collins Street, both of which are leased to Oaks.
The remaining shops – basically trading as a drinking, dining and food hall – sold individually to private investors, according to CB Richard Ellis selling agents Mark Wizel, Sebastian Drapac and Max Cookes.
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