Charter Hall has paid $55 million for a commercial site occupied by the National Archives of Australia, in Sydney’s Villawood.
The holding at 120 Miller, 25 kilometres west of the CBD, traded off-market.
The vendor, a private investor, paid $17.5 million for the office-warehouse (pictured, top) 10 years ago.
At the time, it had a short average weighted lease expiry.
It was offered this time around with a new 20 year lease to the government.