Larkfield swoops on Mont Albert office in $28m deal
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Frank Hargraveâs Larkfield group has snapped up a three-level office building in Mont Albert for about $28 million.
Records show Larkfield has settled on the property at 3-7 Hamilton Street in Mont Albert this month, paying $27.85 million on a relatively soft yield of 6 per cent.
3-7 Hamilton Street in Mont Albert.
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The 3720 square metre building was extensively refurbished by the vendors, Ballarat developer and property lender MacCap.
Colliersâ Peter Bremner, Andrew Ryan, Hamish Burgess and Trent Hobart negotiated the deal.
Larkfield swoops on Mont Albert office in $28m deal
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Larkfield swoops on Mont Albert office in $28m deal
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Bank of China cashes out from legal precinct
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The first CBD deal for 2021 is out of the box with the Bank of China-owned building at 270 Queen Street understood to have sold for around $15 million.
Records show Regis Capital Partners, which also has a Singapore branch, slapped a caveat on the title on January 21.
The Bank of China has sold its building on Queen Street.
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The owners of the locally based arm of Regis are developer Tony Brady and property bankers James Pellicano and Kelvin Cheong.
CBRE agents Nathan Mufale, Alex Brierley, David Minty and Jing Jun Hen had the listing back in August but declined to comment.