Austexx Sells South Wharf Office For $115 Million

Austexx is directed by Melbourne businessmen David Goldberger and David Weiland.

Deka sold an $880 million portfolio in 2006, and the latest purchase marks a continuing return to the local market. Last year the group paid $167 million for 15 William Street, in the CBD, on an 8.75 per cent yield.

The yield for its latest South Wharf office, equates to about 7.9 per cent, based on the building’s annual net passing income of about $9.1 million.

European fund manager recently paid $76 million for a half interest at Myer’s new Docklands headquarters.

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Marc Pallisco

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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