APBC Reaps $12.5 Million From 480 Collins Street Shops
Asian Pacific Building Corporation, headed by establishment family the Deagues, can expect to make another $12 million from the sale of ten shops, as part of its 1 Queens Road strata office building.
The Deagues paid $11.8 million for that building in 2000, before extending it, and filling it with shops at ground level, apartments up top, and offices in between.
Those with longer memories may remember 1 Queens Road when it was known as the Tabcorp building, and before that, the Racing Industry Building.
