Industry Superannuation Property Trust has sold a Sydney CBD office building to private group, City Freeholds, for $106.1 million.
The deal for 55 Hunter Street reflects a c7.5 per cent yield.
Elsewhere for city office deals, recently, Investa Property Group spent more than $95 million for a half share of 60 Martin Place while overseas investors are paying $685m for Aurora Place.
Sydney Metro also plans to acquire up to $300m in CBD property as part of the first stage of its proposed rail system.
ISPT picked up 55 Hunter Street in 1998, as part of a portfolio with the 165 Macquarie Street office.