ISPT To Reap About $35 Million From Sale of 474 St Kilda Road

Because buildings on Queens Road, which runs parallel to St Kilda Road, are established and have been strata titled to individual buyers, any apartment redevelopment of the Clemenger office would offer unobstructed views over Albert Park Lake and Port Phillip Bay – an attractive marketing feature.

Jones Lang LaSalle’s James Kaufman and Robert Anderson are marketing the building for ISPT, which paid $29.6 million in October 2006.

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Marc Pallisco

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