Australian Red Cross Sells Sydney CBD Headquarters For $31 Million

St Hilliers plans to refurbish and expand the building according to the AFR which reported the deal. The ARC sold the building with a short term lease expiring in mid 2012.

The asset will be held in the St Hilliers Fund No 4, which has some $120 million in unallocated equity. Colliers International’s Stephen Kovacs and Vince Kernahan represented the ARC.

Share or Recommend article

Marc Pallisco

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

Marc Pallisco

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!