Trinity Offloads $25 Million in Melbourne Assets
A WEEK after agreeing to sell a 50 per cent stake in its $800 million wholesale funds management business to Clarence Property Corp, the Queensland-based Trinity Funds Management Limited is offloading some Melbourne assets.
In the biggest deal, a Mulgrave asset co-owned by two Trinity trusts has sold for $23 million. The property included three office buildings, 11 industrial office warehouse units and was spread over almost 5 hectares.
CB Richard Ellis director Andrew Stewart negotiated that sale.
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