Melbourne Business Park Sale

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.