$165m Sale on St Kilda Road

In yet another strong CBD fringe sale, the Five0Nine Building at 509 St Kilda Road has reportedly sold for about $165 million. 

The property was placed on the market in August by Josh Rutman and Luke Etherington of CBRE Melbourne. The vendor was 509 SKR Pty Ltd, a private company owned by property developer, John Beville of Darling Point. 

The buyer is undisclosed at this point though a caveat registering an interest in the freehold estate of the property was lodged in late October by Da…