Figtree Holdings to dispose Australian mixed development project for A$35m

Singapore

PROPERTY investment firm Figtree Holdings announced on Monday that its wholly-owned Australian subsidiary Figtree La Trobe will be selling a mixed development project, 303 La Trobe, in Melbourne for A$35 million (S$34.3 million) to an undisclosed third party.

The properties, located at 293-303 La Trobe Street, were acquired by Figtree La Trobe in 2015 for an aggregate consideration of approximately A$17.4 million for the purposes of redevelopment into the development project.