REST Close to Buying 717 Bourke Street Office For $240 Million

One of the vendors, GCM, had planned to occupy part of the space to house French fashion house Esmod, but this deal collapsed during the economic downturn, and that space was offered for lease.

A Travelodge hotel component at the site remains for sale.

Industry super fund REST is believed to be the frontrunner for the site, according to The Australian.

 

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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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