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Rich Lister Stamoulis spies opportunity in $155m Charter Hall tower

Nick Lenaghan
Nick LenaghanProperty editor

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Rich Lister Harry Stamoulis has swooped on a central Melbourne office tower, the home of explosives manufacturer Orica and the country’s first skyscraper, in a $155 million deal that is one of the city’s biggest over the past year.

The acquisition of the 19-storey building at 1 Nicholson Street from a Charter Hall-run fund was struck below its book value. Charter Hall has not disclosed the size of what is understood to be a single-digit percentage-point discount.

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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

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    Original URL: https://www.afr.com/property/commercial/rich-lister-stamoulis-spies-opportunity-in-155m-charter-hall-tower-20231003-p5e9ib