Cashed up barrister and cattle station owner buys into Lygon Street

Australia’s richest barrister Allan Myers KC has quietly snapped up the ANZ bank branch in Lygon Street down the road from his old university where, until recently, he was a chancellor.

Myers was chancellor of the University of Melbourne until 2022 and has garnered a fortune estimated to be around $888 million. His new investment is a 639-square-metre, double-storey Victorian building on a 477-square-metre parcel of land.A 12-storey Queen Street building is back on the market after a $30 million deal failed to settle.

It couldn’t find a buyer last year and was slated for an auction in March. Extensive roadworks put the kybosh on the auction and turned it into an expression of interest campaign.A local private buyer is understood to be paying in the $9 million range. Wolman, Hay and Anthony Kirwan managed the transaction but declined to comment on the buyer and price.

The Highlander Mews units were completed in 1984, paving the way for CBD living at a time when most residents were living in boarding houses or old warehouses.Marketing for a 24-storey 35-unit project was launched last year but the joint venture behind it - Metier3 architect Andrew Norbury and Singaporean group Havenport Investments - are selling up.

Cushman & Wakefield’s Hamish Burgess, Marcus Neill, Joe Kairouz, and Leon Ma and Stonebridge Property Group’s Julian White, Andrew Milligan and Chao Zhang have the listing. They declined to provide a price range but a couple of recent deals provide some guidance.

Source: Education Headlines (educationheadlines.net)

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