Lian Beng, KSH to divest St Kilda Road property in Melbourne for $36.6 mil

SINGAPORE (July 24): Lian Beng Group and KSH Holdings announced Monday that Lian Beng (St Kilda) has entered into a contract of sale with an unrelated third party for the proposed disposal of 19 units at 596 St Kilda Road in Melbourne, Australia for A$34 million ($36.6 million).

Lian Beng (St Kilda) is a wholly-owned subsidiary of Goldprime Realty, which in turn is an 80%-owned subsidiary of Lian Beng Group and a 20%-owned associated company of KSH.

The freehold property has a total site area of about 1,804 sq m, with a three-storey residential complex comprising 19 separately tiled apartments.

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