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.
