AsheMorgan, Dexus trade balance of CBD office

AsheMorgan has bought the half of a Sydney CBD office it didn’t control for far less than it purchased the first 50 per cent.

This stake in 309 Kent Street (pictured, top) is costing a c$290 million, according to sources.

The first interest set it back $401m in mid-2022.

Dexus was the seller both times (story continues below).

With two A-grade towers, the office contains 47,702 square metres of A-grade area.

In late 2022, the pair traded a homemaker centre in Sydney’s Prospect.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.