Valad Sells St Leonards Office Building at a Discount, For $19 Million

VALAD Property Group has recorded a huge loss from the sale of a seven-level office building on Sydney’s North Shore.

The 39 – 41 Chandos Street office sold to fund manager Markham Corp for $19.05 million in September, after previously being valued this year at $20.9 million.

Valad paid just over $24 million for the office in late 2007.

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Grollo Family Continue to Offload Coastal Property Assets

The Grollo family continues to bid farewell to their coastal Victorian assets, with Bruno’s son Adam offloading a beach front property, about 90 minutes south of Melbourne.

The 5,200 square metre block of land is in the up-and-coming pocket of St Andrews, wedged between the Moonah Links, Eagle Ridge, Dunes and St Andrews Beach Golf Clubs. It has 47 metre direct access to St Andrew’s Beach and part of the Mornington Peninsula National Park.

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