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International Healthway Corp acquires Melbourne building for $51.8 million

Published on Mar 10, 2014 8:49 PM

International Healthway Corporation (IHC), an integrated healthcare services and facilities provider, has agreed to acquire a property located in Melbourne, Australia, for A$45 million (S$51.8 million).

It marks IHC's maiden entry into Australia, broadening its portfolio of properties in countries that include Malaysia, China and Japan.

The property at 553 St Kilda Road is a seven-storey office building, which has a 183-space basement carpark.

Located on a site area of 3,044 square metres, it has a net leasable area of 10,170 sqm and is currently fully occupied.

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