HAVING paid La Trobe University about $15 million for La Trobe Street’s distinctive Argus building in March, the owner of education enterprise Melbourne Institute of Technology, Shesh Ghale, is reweighting his property portfolio.

Mr Ghale has listed for sale a B-grade office tower once known as the Euro Asia building, at 388 Lonsdale Street, on the north-east corner of Hardware Street, and near the Hardware Lane cafe precinct.

Mr Ghale is reported to have paid $12.1 million for the office in May 2004, eventually filling the 13-level, 6618 square metre building for his education business.

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