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 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.
