Stockland Close to selling 234 Sussex Street For $40 Million

STOCKLAND is believed to be making about $40 million from the sale of its 234 Sussex Street office, in the Sydney CBD.

Stockland purchased the building in October 2000, according to The Australian, and it was listed for sale between February and April this year, but failed to sell and was withdrawn from the market.

A sale of the 12-storey office building comes after Stockland sold an office building in Christie Street, St Leonard’s, in Sydney’s north shore, for about $60 million to Amici.

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Marc Pallisco

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