Downer EDI Reaps $16.4 Million From Sale of Australian Portfolio

In Hobart, Downer’s Austin Ferry complex sold for $1.4 million on a yield of 10 per cent, while in Launceston a vacant building sold for $600,000 before auction.

The Australian Financial Review, which reported the deals, also includes information about sales in Shepparton (northern Victoria), Forbes (NSW), Belmont (Perth), and Kalgoorlie (regional WA).

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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