CommBank backed telco commits to St Kilda Road

Vantage paid $58 million for 574 St Kilda Road in 2019.

Vantage Property Investments has secured a CommBank backed telco to two levels of a St Kilda Road office it bought in 2019.

More Telecom has leased 1180 square metres across levels eight and nine of #574.

Founded by brothers Andrew and Richard Branson in 2013, the group is presently a little closer to town, at Albert Road, South Melbourne.

JLL’s Matt Szakiel and Sam Torrance were the agents.

CommBank own a 25 per cent interest in More (story continues below).

Vantage paid $58 million for the nine level office, once Bic’s headquarters.

Also today we are reporting an asset Vantage recently divested a half stake in – the ex-Australia on Collins in the CBD – is set for a revamp and rename after two major lease agreements, one to an office occupier for the former food court.

Subscribe to our newsletter at the bottom of this page.

Share or Recommend article

Marc Pallisco

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