CommBank backed telco commits to St Kilda Road
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.
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