Flight Centre to Retain St Kilda Road Office Building

HAVING reported a strong six-month profit of $51.5 million last week, Flight Centre Limited has confirmed it will hold onto a St Kilda Road office it purchased at the peak of the commercial property boom in 2007, and then renovated.

Flight Centre Limited’s Haydn Long confirmed the group will retain the 11-level office it occupies and leases to tenants, at 436 St Kilda Road.

The building was put to the market last April with a price tag of between $25 million and $30 million, and after the economic downturn had grounded property markets.

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Posted originally: 2010-03-02 10:11:00

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