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Australia Post sells half share in Melbourne tower to Singaporeans

Property Markets / Transactions

Australia

Jul 04 2017

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Simon Johanson, The Sydney Morning Herald

Australia Post has inked a deal with giant Singaporean fund Keppel REIT to sell it a $347.8 million half share in a Melbourne tower to be built for Victoria Police.

The 42-storey A-grade office tower at 311 Spencer Street is being developed by Australia Post in a joint venture with super fund developer Cbus Property and only gained development approval from the state government last week.


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

SOURCE: The Sydney Morning Herald

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