Browse all categories | Subscribe My Account | Logout
Browse all categories
< Back

CBUS to control a quarter-block, following expected deal

People & Companies / Latest News

Australia / Melbourne

Mar 02 2018

Add to Favorites

Share this Article:

The expected purchase of a Melbourne development site worth more than a $1 billion, will see developer CBUS Property take control of almost a quarter of one city block. 

The deal to seal the sale of 140 and 150 Queen Street, along with 27 McKillop Street, is thought to be in final negotiations. 

This comes after the developer bought the corner of McKillop and Bourke streets for a unknown amount.

If the sale goes through, CBUS will control up to 3000 square metres. 

Colliers International marketed the properties, which entered the market last year - the result of a years long legal feud between Singapore’s Chip Eng Seng and George Chow, causing development on both buildings to come to a halt. 

CBUS has also put a caveat on an 11-story office block at 423 Bourke Street.  Together, the four sites would be worth up to $200 million, generating up to $1.2 billion in commercial real estate. 




You may also like...

Load More


Login into your MP Report account

Forgot my password

Sign up to the MP Report

Creating an account with MP Report allows you to save articles and update your preferences to filter the content based on your interests and what content you would like to receive from us via our email alerts and newsletter.