A classic Collins Street office block, built in the 1930s and now home to the head office of Chinese e-commerce giant Alibaba, has changed hands for more than $40 million, as the Melbourne market swings back into action.
The transaction at 411 Collins Street – title and company documents show Peachtree Capital's Greg Rosshandler on the buy side – is one of two sizeable deals over the New Year break.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
