Krost acquires West Melbourne showroom

Krost will move into the 2371 square metre showroom.

Krost Furniture has paid $9.25 million for a high-profile West Melbourne showroom.

In town, the office products supplier is presently based at 486 City Road, South Melbourne.

The new property, 3/617-643 Spencer Street, with 2371 square metres over two floors, will be repurposed as its flagship store.

The offering also has 12 car parks.

Krost was established as a steel products supplier in Johannesburg in the 1920s, but later relocated its headquarters to Sydney.

Profile a sales point

Vinci Carbone’s Joseph Carbone and Frank Vinci marketed the West Melbourne showroom, until recently occupied by Valiant Hire (story continues below).

“There’s a 60 metre frontage to Spencer St, and the fact that Krost could brand a building that close to the city was a sales point,” they said.

“Finding that in Sydney is impossible”.

The property is a block from the former Rose Furniture showroom which Lechte Corporation, Crema Group and Abacus Property acquired four years ago and have since replaced with an eight-level apartment building, The Marker.

Elsewhere in the suburb, last October, Hillsong paid c$23.4m for Festival Hall, with plans to repurpose it as a church.

In another local owner-occupier deal struck at that time, Haileybury College spent $7.1m for a historic warehouse at 27-31 Dudley St – to extend its nearby city campus.

The Spencer Street showroom is about 600 metres from the CBD.

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