Commercial property in Melbourne sold for A$24M

Commercial property in Melbourne sold for A$24M

Singapore’s The Straits Trading Company Limited has agreed to acquire a commercial property located in Mulgrave, Victoria, Melbourne for AUD24.0 million (approximately SGD22.3 million), according to an announcement by the company.

According to some media reports the company has bought the commercial property from ESR in Melbourne.

The poperty is a multi-tenanted mixed-use office and industrial property with a total net lettable area of 12,157 square metres located approximately 21 kilometres southeast of the Melbourne Central Business District.

The Company has previously announced the acquisition of a portfolio of five industrial properties across Australia, as well as a 37,970 square metre parcel of land for mixed-use office and warehouse facility development in South Australia, via SREPL.

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