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Malaysian group buys Newspaper House for $35m

People & Companies / Latest News

Malaysia

Apr 26 2017

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Simon Johanson, The Sydney Morning Herald

Newspaper House, the heritage Collins Street building with a glittering mural mosaic on its facade, has sold for $35 million just two years after it was acquired by listed Singapore developer/builder Lian Beng for $22.7 million.

In a relatively risky move, Lian Beng snapped up Media House midway through 2015 when the building was vacant.

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

SOURCE: The Sydney Morning Herald

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