General
LYZ Property Group Has On-Sold ‘Lucky Sale’
While good fortune certainly smiled on Computershare with their $88,888,888 sale of their Abbotsford headquarters in 2016, the luck has perhaps unravelled for the purchaser, LYZ Property Group. LYZ, a subsidiary of the Chinese developer, Hengmao Group, is known for their residential developments such as the South Yarra Chiara and Lucia apartments. The group has apparently on-sold the building at 452 Johnston Street for $93.5 million, which considering stamp duty and legal and holding costs…
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