Hellenic Club of Canberra sells Melbourne office block for $25 million

·

The Hellenic Club of Canberra has sold an office block in the southwestern Melbourne suburb of Williams Landing for just over $25 million.

The Victorian government-occupied building at 107 Overton Road, Williams Landing was snapped up by Perth-based fund manager Ascot Capital Limited. The deal was brokered by CBRE.

hellenic club canberra
The Hellenic Club of Canberra is focused on its redevelopment.

Hellenic Club spokesman Ian Cameron said the property was a strong, reliable asset for the club during its short period of ownership.

“However, a change of strategy and an equity requirement for an exciting development in Canberra precipitated the sale,” Mr Cameron said.

Ascot allegedly tried to buy the block back in 2018, when Cedar Woods put it up for sale, but missed out when the building was sold to the Hellenic Club for $25.93 million.

Source: The Australian.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Jenny Souris Foundation Gala raises $100,000 to help young cancer fighter Jack

The Jenny Souris Foundation’s fundraising gala raised funds for four-year-old Jack, who is courageously battling Stage IV Neuroblastoma.

Greek Australian George Moulos attempts record-breaking ‘March Across Greece’

Young Greek Australian entrepreneur George Moulos will embark on a transformative 1,200 km journey across Greece on foot.

proika exhibition explores cultural bonds that unite the Greek Australian community

On November 20, the proika project invites you to the launch their multimedia exhibition, melding fashion, photography and conversations.

Heliades Greek Women’s Network celebrate Melbourne Cup in style

The Greek Women's Network (Heliades) hosted a vibrant celebration of the Melbourne Cup on Sunday, November 3.

Winners announced for the 6th Greek Public Speaking Festival

The Modern Greek Teachers’ Association of Victoria (MGTAV) has announced the winners of the 6th Greek Public Speaking Festival.

You May Also Like

Ange Postecoglou nominated for FIFA Best Mens Coach 2023

Tottenham coach Ange Postecoglou has been nominated in the Best Men's Coach category in the FIFA prestigious annual "Best" awards for 2023.

Emilios Kyrou: Fighting racism to become first Greek-born judge of Australia’s Federal Court

Emilios John Kyrou AO tells The Greek Herald how he went from fighting racism to being first Greek-born judge of Australia's Federal Court.

First round of negotiations begin for Double Taxation Agreement between Greece and Australia

The first round of negotiations for a Double Taxation Agreement between Australia and Greece was launched on February 23.