APBC to Sell Frankston’s Most Distinctive Building

EIGHT months after the Frankston City Council deferred plans to build the multimillion dollar Frankston Safe Boat Harbour, city developer Asian Pacific Building Corporation has decided to offload the area’s most prominent property.

In doing so, Frankston’s most ambitious privately proposed redevelopment – the $50 million-plus Peninsula Centre – may be no more.

The distinguishing 12-level building at 435 Nepean Highway – once described by comedian Barry Humphries as “the worst building in Australia” is for sale with price expectations of between $13 and $16 million.

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