Thomson Geer advises Chinese Mainland Investor on purchase of prominent St Kilda Rd office block

21 November 2018

News

In a team led by Partner, Eu Ming Lim, we have advised Chinese Mainland Investor, Mr Da Xie, on the purchase of a prominent office block on St Kilda Road from property tycoon, John Beville, for $163 million.

The 509 St Kilda Road property is a 7-storey office tower which offers 19,500 sqm net lettable area and 325 car parking bays, and is fully leased to tenants including Fuji, The Federal Government and AIA Insurance. The building backs onto Fawkner Park and offers 360 degree views including over nearby Albert Park Lake.

This is the single largest transaction to have taken place on St Kilda Road in its history.