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Written by Marc Pallisco
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Monday, 08 March 2010 21:06 |
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SYDNEY’s 179 Elizabeth Street office building is reportedly close to sale for a price speculated to be about $95 million.
Echo Capital Partners, run by former Valad co-founder Stephen Day, is “in talks” to buy the building on a yield of about 7.5 per cent, according to the AFR.
GPT is selling 179 Elizabeth Street, in a deal expected to arm with it funds to buy a half share in the $800 million 163 Castlereagh Street.
Strata office developer Tjeerd La Grouw is also reported to have inspected the Elizabeth Street building.
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