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Chip Eng Seng exits Tower Melbourne project with $56.6 mil sale

Property

Chip Eng Seng exits Tower Melbourne project with $56.6 mil sale

PC Lee Published on Thu, Mar 15, 2018 / 6:42 PM GMT+8

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SINGAPORE (Mar 15): Chip Eng Seng is making a clean break from the Tower Melbourne project in Australia.

Wholly-owned subsidiary CES-Queen (Vic) (CESQ) is selling the property located at 150 Queen Street for A$55 million ($56.6 million).

CESQ had originally acquired the commercial building in September 2011 for redevelopment into a 71-storey tower with 581 freehold residential units called Tower Melbourne.

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Chip Eng Seng exits Tower Melbourne project with $56.6 mil sale

Property

Chip Eng Seng exits Tower Melbourne project with $56.6 mil sale

Primary tabs

Error message

Chip Eng Seng exits Tower Melbourne project with $56.6 mil sale

Property

Chip Eng Seng exits Tower Melbourne project with $56.6 mil sale

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