Only weeks after the aborted sale of Allco Finance Group’s $80 million half-share in 1 Spring Street, Challenger’s 330 Collins Street and GE’s 90 Collins Street are also out of due diligence. GE had hoped for about $160 million for its 22-storey 90 Collins Street building in a sale to Melbourne’s private Kador Group.GE paid $139 million for 90 Collins Street in December 2006 and had high hopes of selling the building.
Australian Real Estate Blog
