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.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of