REIV buys replacement HQ
The Real Estate Institute of Victoria – which represents real estate agents – has snapped up a modern strata office for its replacement headquarters, in Abbotsford.
The group is paying c$10 million for the 1658 square metre space with 52 car parks – an ex-Centrelink – forming the lower levels and basement of an apartment building at 617 Victoria Street.
Salta is the vendor – Sam Tarascio Junior is completing the job his father started revitalising the pocket, near the Yarra River, including the ex-Melbourne Fire Brigade training centre.
As well as offices and dwellings, it built the Victoria Gardens shopping centre, now co-owned with Vicinity – and earmarked for more apartments.
Allard Shelton’s Joseph Walton – REIV president between 2016-2020 – with Gorman Commercial’s Peter Bremner were the agents (story continues below).
The REIV sold its Camberwell headquarters for decades last December with vacant possession.
A standalone office with 2070 sqm on 3808 sqm with 60 car parks at 335 Camberwell Rd, it traded for $26m to developer Angle.
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