An unknown buyer completed the acquisition of the property at 541 St Kilda Road from International Healthway Corporation Limited.

An unknown buyer entered into contract to acquire to acquire the property at 541 St Kilda Road from International Healthway Corporation Limited (Catalist:5WA) for AUD 47.8 million on November 17, 2016. In a related transaction, An unknown buyer entered into contract to acquire Property at 553 St Kilda Road from International Healthway Corporation Limited (Catalist:5WA) for AUD 70 million on November 21, 2016. The transaction is expected to settled on January 16, 2017. KordaMentha Pty Ltd. acted as the financial advisor to International Healthway Corporation Limited. Langton McHarg, Robert Anderson and Alex McColl of JLL acted as the sales agent to International Healthway Corporation Limited. An unknown buyer completed the acquisition of the property at 541 St Kilda Road from International Healthway Corporation Limited (Catalist:5WA) on January 20, 2017. The proceeds of the sale will be under the control of the receivers and managers appointed by Westpac Banking Corporation and the receivers intend to resolve outstanding liabilities and finalise the receivership in the next 2 months.