The sale reflects a yield of just over 7 per cent. It’s part of a divestment by Grocon, which also includes a quarter stake in an $800 million office in Castlereagh Street, Sydney, and several parts of a $1.2 billion development site in Carlton, on the cusp of the Melbourne CBD.
- ← ASIC Orders Banks to Relax Rules That Restricted Older People From Borrowing
- Australian Red Cross Sells Sydney CBD Headquarters For $31 Million →
A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.