Central Equity Buys Piece of Outgoing Age Headquarters, Lonsdale Street

The Londsale Street site was offloaded by ISPT and Axiom, which paid $66.1 million for the entire 1.52 hectare Age headquarters in February 2007. The vendors retain ownership of the brown brick Age building at 250 Spencer Street, opposite Southern Cross train station, and a tract of land behind it, currently a car park.
A Central Equity representative did not return calls. Jones Lang LaSalle marketing agents David Bowden and James Kaufman declined to comment on the deal.
Central Equity recently won development approval to build a $75 million high rise apartment building on a site it owns at 8 – 16 Moray Street in South Melbourne.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.