Overseas Owner Occupier Pays Southern Cross Broadcasting $6 Million For its Outgoing South Melbourne Headquarters

AN OVERSEAS owner-occupier is believed to have paid Southern Cross Broadcasting a speculated $6 million for its outgoing office at 70 Park Street, in South Melbourne.

The vacant 1415 square metre building, on a 768 square metre block between Kings Way and St Kilda Road was put to the market after Southern Cross decided to relocate to the CBD.

With 21 car parks, the site was expected to find its way into the hands of a residential developer.

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