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New Melbourne Office
19 May 2005
Karidis Corporation have recently purchased a freehold commercial building in the Melbourne CBD as the base for expansion and growth of our business, which along with the purchase of an apartment in Southbank, cements our move to Melbourne.
The latest acquisition, AEWL House, is a 6-level, 1920's building at 410-412 Lonsdale Street between Elizabeth and Queen Streets in the city's law precinct. It has ground level retail space, four levels of office space and a basement car park. The successful bidder at the 18 March 2005 auction by Knight Frank, KCL believes the property sold for well under market rates.
Plans to open the Melbourne office of Karidis Corporation by the third quarter of 2006 on the top floor are underway.
“Karidis Corporation has recognised the opportunities Victoria presents in the senior living sector and is keen to seize the opportunity.”
KCL, one of Adelaide's largest residential investors, is involved in the development, construction and management of retirement villages, serviced apartments, commercial and industrial subdivisions in SA and wants to expand into the senior living sector in Melbourne. |