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ICD and Wingate sell Fitness First gym for $17.55m

People & Companies / Latest News

Australia

May 31 2017

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Simon Johanson, The Sydney Morning Herald

ICD Property, the Chinese-backed developer of one of Melbourne's largest high-rise residential towers, and investment firm Wingate have cashed out of a Fitness First investment in Cheltenham for $17.55 million.

A property caveat lodged on the title shows the joint owners sold the freestanding gym at 241 Bay Road – leased to Fitness First on an eight-year term – to investor David Feldman.

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

SOURCE: The Sydney Morning Herald

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