Melbourne’s Grollo family has sold off one of its trophy assets, an eight-level office building at Dandenong in Melbourne’s south-east, to listed landlord Growthpoint Properties Australia in a $165 million deal.

Owned by Grocon co-founder Bruno Grollo and two of his children, Adam and Leeanna, the 15,000 square metre building is the second substantial commercial property the trio have sold in the past year. Last June, the Grollos sold a 14-level office in the inner-western Melbourne suburb of Footscray to Centuria Capital Group for $224 million.