The former wife of Flight Centre co-founder Geoff Harris, Susan, is paying $32 million for a securely leased Richmond office with enormous long-term redevelopment potential. The businesswoman and director of the philanthropic Harris Family Trust outmuscled property trusts and syndicates to secure 180-188 Burnley Street, near the Victoria Gardens shopping centre. Modernised about five years ago, the 5557-square-metre, double-storey office on a 4694-square-metre block, is leased until 2022 to AAPT Limited, a subsidiary of the ASX-listed TPG Telecom Limited. Based on the annual rent AAPT pays, the asset, with 118 on-site car parks, exchanged on a yield of about 7.1 per cent. Advertisement...
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