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Alfasi tips $125m tower stake into hip Cremorne market

Developer Alfasi Group is looking to reap its reward for an office tower it built speculatively and has since filled at trendy Cremorne, in Melbourne’s inner east, putting a half stake in the $250 million building on the market.

At 510 Church Street, the 10-storey building joins an expanding neighbourhood on the city’s fringe – encompassing the suburbs of Cremorne, Richmond and Burnley – which has attracted a growing number of blue-chip tenants and earned a reputation as a thriving tech and creative precinct.

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Written by Nick Lenaghan

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