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St Kilda Road establishment sold for $163m
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St Kilda Road establishment sold for $163m

St Kilda Rd

KHQ Lawyers has advised the Beville Group on the $163 million sale of a landmark office building located on Melbourne’s St Kilda Road.

Firm: KHQ lawyers (Beville Group); Thomson Geer (Mr Da Xie)

Deal: Beville Group has been advised on the sale of its office building at 509 St Kilda Road to Chinese mainland investor Mr Da Xie.

Value: $163 million

Area: M&A

Key players: The KHQ team was led by director David Krolikowski, who was assisted by special counsel Jennifer Huppert.

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Thomson Geer partner Eu Ming Lim advised the purchaser, Mr Da Xie.

Deal significance: Beville Group is a Sydney based property developer. The sale of its office building on St Kilda Road represents one of the largest office sales to occur outside Melbourne’s CBD, according to a statement from KHQ Lawyers.

The building is located on a large footprint of St Kilda Road, backing onto Fawkner Park. The office has 360 degree views, including over nearby Albert Park Lake, and comprises over 19,500 square metres of net lettable area and 325 car bays, the firm added.

“Use of a sophisticated online data room streamlined the due diligence process for all parties, as did Beville Group’s Rael Hurwitz’s organisation and clarity of instructions," said KHQ special counsel Jennifer Huppert.

Emma Ryan

Emma Ryan

Emma Ryan is the editor of Lawyers Weekly at Momentum Media.

Emma has worked for Momentum Media since 2015, and has been responsible for breaking some of the biggest stories in corporate Australia. She also directs the content for Lawyers Weekly's stable of events, including the Australian Law Awards, the Women in Law Awards and the Boutique Law Summit. 

A journalist by training, Emma has spent her career connecting with audiences across a variety of platforms, including online, podcast and radio.

She graduated from Charles Sturt University with a Bachelor of Communications (Journalism). 

You can email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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