Chinese developer Aohua Sheng Le Property buys in Southbank

Chinese developer Aohua Sheng Le Property buys in Southbank
Chinese developer Aohua Sheng Le Property buys in Southbank

Chinese developer Aohua Sheng Le Property has paid $32.3 million to acquire an 1856 square metre Southbank site.

The site at 107-117 Queensbridge Street extends to City Road, within walking distance of Crown casino.

It was put up for sale in February by over 20 property owners who cobbled their neighbouring office, residential and car park holdings into one offering, according to the AFR. 

Sheng Le also owns the neighbouring site at 87-105 Queensbridge Street.

CBRE received 11 offers shortlisted to four parties, two based locally and two from China.

Tags: 
China Property Development

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