Melbourne car park near Queen Vic Market tipped to sell for $120m
A multi-level car park a stone’s throw away from Melbourne’s popular Queen Victoria Market has been listed for sale, with an asking price of about $120 million by a group of wealthy Singaporean investors.
Its value stems from the car park’s 3218 sq m landholding on the corner of Queen and A’Beckett Streets, which could support a multi-tower development overlooking the famous market.
This article has been updated to reflect the new ownership structure of Kim Lim Australia. The company is owned by the Lim family. Previously (as an earlier version of this article read) it was owned by three brothers of the Lim family as well as real estate magnate Kuik Ah Han. The ownership structure of Kim Lim Australia changed in about 2015.
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