Aviva Investors Pays $29.5 Million For Sydney CBD Office

AN OFFICE in Sydney’s western corridor has sold to global asset management subsidiary Aviva Investors.

The 80 Clarence Street building has sold for $29.5 million, up on the $25.3 million vendor Oakland Property paid for the building in 2006.

The 12-level office sold on an 8 per cent yield.
Sydney’s largest CBD transaction recently is the Aurora Place office which sold to South Korea’s National Pension Service for $685 million late last year.