St Collins Lane sold to JP Morgan Asset Management

JP Morgan Asset Management has purchased the retail centre St Collins Lane, Southbank.

Following its $286 million purchase of commercial tower, Twenty8 Freshwater Place, Southbank, in August, JP Morgan Asset Management has bought a Melbourne retail asset for $247 million. The sale of St Collins Lane, formerly the Australia On Collins retail centre, was arranged by Simon Rooney of JLL Melbourne.

The purchaser, JP Morgan Asset Management, is part of JPMorgan Chase & Co and is a global asset…