Auction Ending For Ansett Office Dispute

THE falling-out of two of Melbourne’s biggest private developers will be played out publicly at the end of the month when agents auction a landmark city office building – on court orders.

The imminent sale of the former Ansett headquarters at 501 Swanston Street (pictured, right), for a price expected to surpass $50 million, is also fascinating those within the real estate industry for being likely to smash the record price paid for a CBD office at auction.

Interestingly, each of the co-owning vendors of the building, Vince Giuliano, head of PDG Corporation, and Mario Salvo, director of Salvo Property Group, is expected to bid for full control of the asset.

Read more
error: Content is protected !!