ING Offloads ATO Box Hill Office For $43.8 Million

The 21,235 square metre 990 Whitehorse Road building is the latest in a string to be offloaded by ING recently.

It also recently sold the 412 St Kilda Road Victoria Police headquarters for $42 million, and a multi-level office building called Budejovicka Alej, in Prague, for $A53 million, according to the Herald Sun. ING paid $62.6 million for that Prague office two years earlier.

The buyer of the Box Hill property is reported by the AFR as Hong-Kong based Glorious Sun, which owns Jeanswest in Australia, and other property assets. CB Richard Ellis agents Martin O’Sullivan and Justin Clarkson marketed the Box Hill office.

A map of the building is here:

http://maps.google.com.au/maps?hl=en&as_q=990+whitehorse+road,+box+hill+3128&as_epq=&as_oq=&as_eq=&num=10&lr=&as_filetype=&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=images&um=1&ie=UTF-8&q=990+whitehorse+road,+box+hill+3128&fb=1&split=1&gl=au&cid=0,0,2543910691891233127&ei=s-SJSuecIM-PkQXrubisBw&sa=X&oi=local_result&ct=image&resnum=1

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Marc Pallisco

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

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