David Jones sitting on a property goldmine

By Carolyn Cummins
Updated April 19 2014 - 8:13am, first published 7:59am
The Block Arcade in Melbourne has been bought by the Cohen family. Photo: Jesse Marlow
The Block Arcade in Melbourne has been bought by the Cohen family. Photo: Jesse Marlow

The private Cohen family has bought the Block Arcade in Melbourne, at a time when retail property is in demand. The group owns the adjoining property.