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Myer family sells St Kilda Road office for $77 million

Property Markets / Transactions

Australia

Nov 17 2017

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Simon Johanson, The Sydney Morning Herald

The Myer family has sold a seven-level office on Melbourne's premier leafy boulevard St Kilda Road to acquisitive Singaporean Tong Eng Group for close to $77 million.

The deal, struck on a sharp 4.66 per cent passing yield, sets a new benchmark for the boulevard just as activity in Melbourne's commercial property sector ramps up ahead of the year's close.

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

SOURCE: The Sydney Morning Herald

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