Lease at Frank Costa’s Richmond Office to An Ex AFL President

Cremorne is the name given to the former industrial pocket of Richmond closest to the Yarra River.

Over recent generations, industrial tenants have relocated to the outer suburbs, allowing old factories to be converted or replaced with boutique apartments and offices, which in both cases can command higher rents than the CBD.

Elsewhere in the inner-city, Specialised Bicycle Components has leased 1000 square metres at the ground floor of 251 Salmon Street, in Port Melbourne, an asset owned by Industry Superannuation Property Trust.

Colliers International’s Ben Christie negotiated both lease deals.

 

 

Related article:

Geelong Identity Frank Costa Buys Point Cook Development Sites

 

 

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Marc Pallisco

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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