Alfasi reboots its property arm with $24m Richmond purchase

By Simon Johanson
Updated December 3 2016 - 12:18am, first published 12:00am
Preliminary drawings from Alfasi Property show a large-scale office in Church Street. Richmond. Photo: supplied
Preliminary drawings from Alfasi Property show a large-scale office in Church Street. Richmond. Photo: supplied
The recently refurbished X building is close to Alfasi Property's proposed office development. Photo: Supplied
The recently refurbished X building is close to Alfasi Property's proposed office development. Photo: Supplied

The privately held Alfasi steel construction and equipment hire group will reboot its property development arm using a site it bought in one of Melbourne's hottest property sectors for more than $24 million.