Figtree Holdings to dispose Australian mixed development project for A$35m
Add BT as a preferred sourceSingapore
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.
TRENDING NOW
Xi Jinping has just rewritten the rules of US-China rivalry
High Court raps UOB over inconsistent legal positions on late mortgage payment charges
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
China’s Huawei reveals chip design breakthrough amid US sanctions
