Orchard to Pocket $54 Million From 350 Collins Street Sale

Orchard – the new name for the company previously known as SAITeysMcMahon – paid $55.5 million for 350 Collins Street in late 2005.
Part of that spending spree saw it acquire the Kvaerner House building in St Kilda Road for $58.1 million. That property is on the market at the moment for about $60 million.
Representatives from Orchard, and selling agent Jones Lang LaSalle, declined to comment.

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Marc Pallisco

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