|
Written by Marc Pallisco
|
|
Monday, 17 May 2010 00:13 |
|
A WEEK after agreeing to sell a 50 per cent stake in its $800 million wholesale funds management business to Clarence Property Corp, the Queensland-based Trinity Funds Management Limited is offloading some Melbourne assets.
In the biggest deal, a Mulgrave asset co-owned by two Trinity trusts has sold for $23 million. The property included three office buildings, 11 industrial office warehouse units and was spread over almost 5 hectares.
CB Richard Ellis director Andrew Stewart negotiated that sale.
In a much smaller deal, in Broadmeadows, irrigation and garden lighting group Holman Industries has paid Trinity $2.4 million for a modern 3315 square metre warehouse, on a 5648 square metre block at 145 Northcorp Boulevard, within the Northcorp Estate.
Knight Frank’s Martin Bourke marketed the property which Holman will owner occupy.
|
