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Chinese firm's 'lucky' Australian property deal turns sour

People & Companies / Latest News

Australia

Feb 03 2018

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Simon Johanson, The Sydney Morning Herald

A Chinese developer, who purchased the Melbourne offices of Computershare 18 months ago for the “lucky” sum of $88,888,888, has sold the building at a loss in a rising property market.

LYZ Property Group, a subsidiary of Nanchang-based Hengmao Group, offloaded the office leased by the financial firm on Friday in a $93.5 million deal with the ASX-listed company Abacus Property Group.

Go to The Sydney Morning Herald and read the full story.

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