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Business in Southbank

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St Johns Southgate

That’s awesome!
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Owners Corporation Law

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Montague Community Alliance

At last, a Fishermans Bend Framework!
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Metro Tunnel

Building Anzac Station
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Federal Politics

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We Live Here

Cladding – remove now, pay later?
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We are leaving an intergenerational time bomb for our children
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History

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Southbank Sustainability Group

Sustainability talks and Boyd Park
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Health and Wellbeing

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Skypad Living

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Pets Corner

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Southbank Fashion

Spring racing in Southbank
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Street Smarts

Power Street – Southbank
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Letters

The cost of cladding
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Site sold

08 Mar 2018

Site sold Image

Former bookmaker and Betstar founder Alan Eskander has sold a Southbank office property for $5.85 million.

The figure is more than double the price he paid in 2013. The 584 sqm property at 34-36 Market St, Southbank is located in South Melbourne’s eastern business district.

According to the managing agent CBRE, the transaction represented a land rate of more than $10,000 per square metre with a building rate in excess of $13,000 per sqm.

David Minty from CBRE Victorian development sites division said: “Unprecedented tenant demand, low vacancy rates, rising rents and yield compression are collectively creating the emergence of new office markets in and around the CBD.”

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