Media Release – A Chinese consortium has acquired 472–478 Bourke Street Melbourne

A CHINESE CONSORTIUM HAS ACQUIRED 472‐478 BOURKE STREET MELBOURNE, KNOWN AS EQUITY CHAMBERS

MEDIA RELEASE – 10TH SEPTEMBER 2013

Clinton Baxter, Head of Division, City Sales & Investments for Savills, acted on behalf of the vendor DKLS (Aust) Pty Ltd. Dug Pomeroy, Executive Chairman of Pomeroy Pacific, a Property Advisory and Development Management company, facilitated the acquisition for the purchaser.

The property is a magnificent 6‐level office building occupying a CBD corner in the heart of Melbourne’s financial precinct. The building is distinguished by its classic façade and significant potential. The land size is 1162m2 with a total building area of 5228m2. Dug Pomeroy said “Equity Chambers is a jewel in Bourke Street’s commercial centre and offers a range of exciting redevelopment opportunities which will incorporate and respect the heritage nature of the building.” Mr Jianguo Yang, one of the investors said, “I share the same thoughts on this acquisition and building as Mr Pomeroy. I am confident my 20 years’ experience in China will be beneficial to this Crown Jewel project in Melbourne’s CBD”. The site is exceptionally well located on the north‐eastern corner of Bourke and Little Queen Streets, between William and Queen Streets, in the heart of Melbourne’s financial precinct, yet only one block from the Bourke Street Mall and retail core of the CBD.

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Equity Chambers, Melbourne
Equity Chambers, Melbourne