Australian Unity Sells Former Austereo Office, St Kilda For About $10 Million

However, the new owner has no plans to change the building’s use as an office, according to Jones Lang LaSalle selling agent Robert Butera.

This differentiates the site from other commercial assets sold in the suburb this year, and which are now being marketed apartment projects, namely the former St Kilda Post Office and the former Zagame dealership and cafe on Fitzroy Street.

In March, Australian Unity sold its Footscray Plaza Shopping Centre to developer Banco Group for about $20 million.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of