Becton to Sell 422 Little Collins Street

Allard & Shelton directors Joseph Walton and Patrick Barnes are marketing the building.

Earlier this month it was reported Becton sold its prominent Beaumaris Pavilion site to St Kilda footballer Sam Gilbert and hotelier Simon Lennox for a speculated $9 million. In selling the asset, Becton abandoned plans to convert the hotel into aged care accommodation.

Earlier this year Becton sold its East Melbourne office headquarters for about $27 million, continuing a sale spree which also saw it recently dispose of 446 Collins Street (about $21 million) and 606 St Kilda Road (about $25 million).

Becton also injected $30 million to its coffers during the economic downturn, selling a collection of low-rise office buildings at the riverfront suburb border of Abbotsford, Richmond, Kew and Hawthorn, part of which is being redeveloped as a medium density apartment complex by rival Hamton.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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