CITY The 400 square-metre level 10 at 271 William Street, the 14-level building on the north-west corner of William and Little Lonsdale streets, has sold for $1,290,000. Kliger Wood agent Grant McKenzie negotiated the private sale. The privately owned, strata-titled floor has natural light on three sides and a modern fit out in place. It is subject to a short-term lease that continues to February next year with no further option. The current lease is to a subsidiary of the Cardno engineering group and has a net rental payable of $118,456. The lease also includes one car parking space in the building basement. The buyer was a group of barristers.
SAILING Property and construction industry professionals will take to the bay this month to raise funds for homeless and disadvantaged children. On March 30, the Property Industry Foundation of Victoria will hold its second annual Melbourne Charity Sailing Challenge to raise funds for Open Family Australia's Wyndham Project. Held at the Royal Brighton Yacht Club, organisers are aiming to raise $80,000 for homeless and disadvantaged youth through the Wyndham Project. The event's principal sponsor is Colliers International. Supporting sponsor is Brookfield Australia and industry partner is the Australian Property Institute. Early registrations include Brookfield Australia, Freehills, Investa, Mirvac, Australand, Colonial First State, Dexus, Lend Lease, Bankwest and CBA. America's Cup skipper John Bertrand will be patron, while Olympic Sailing program manager and Australia II crew member Rob Brown will brief all participating teams before the race. He will also skipper a yacht. Guests will be treated to a vintage French Riviera-themed post-race party.