ISPT sells The Age site to Far East Consortium
> One of Asia’s largest property developers, Far East Consortium, has acquired a massive Melbourne CBD residential development site from Industry Superannuation Property Trust for $75 million, in an off-market deal.
>ISPT began quietly marketing the Spencer Street site after winning planning approval in January. It acquired the site for $66 million in 2007, and later sold off a portion of it to developer Central Equity for $17 million. The off-market campaign was handled by Colliers International agent Tim Storey.
here's a look at the redesigned second tower