Investa to Sell Wool House, Parkville, For $22 Million

UNLISTED property giant Investa is understood to be close to selling its “Wool House” office building at 369 Royal Parade, opposite the Princess Park football oval.
Sources say an Asian based private investor is in advanced negotiations to buy the B-grade, 11-level building on the south-west corner of Walker Street, for about $22 million, less than the $26.6 million Investa paid for the asset in September 2006.
The same buyer is understood to be looking at another suburban office owned by Investa, but this could not be confirmed.

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