OFFICE ACTION - THE AGE
Posted on 20 May 2023
Other owner-occupiers moving in nearby include the Rick Jamieson's Harry the Hirer events business, which paid about $30 million for the former headquarters of the Australian Education Union at 112 Trenerry Crescent, Abbotsford. That deal was struck by Vinci Carbone agents Frank Vinci and Joseph Carbone and JLL' s Josh Rutman and Tim Carr, who also declined to comment on the transaction.
It is understood that competition for the 4,252 sqm building was fierce among potential owner-occupiers, which drove the price way beyond expectations.
The Zagame family paid $21 million for the building in 2019. They never found a tenant for the property, and it became bogged down in refurbishment works during the pandemic.
It is understood that competition for the 4,252 sqm building was fierce among potential owner-occupiers, which drove the price way beyond expectations.
The Zagame family paid $21 million for the building in 2019. They never found a tenant for the property, and it became bogged down in refurbishment works during the pandemic.