Melbourne Ghost Office Sells to Chinese Investor For $45 Million

Last November Australand paid $45 million for another “CBD ghost tower” – the former ASX building at 357 Collins Street. After plans by its previous owners in the downturn to convert the building into a residential use, Australand has decided to convert it back into an office. The building only has a few car parks.

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Marc Pallisco

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