Stockland Sells 333 Kent Street For $41.5 Million

SYDNEY based developer and fund manager Stockland has sold the 333 Kent Street office building in Sydney for $41.5 million.

The eight level building measures nearly 9000 square metres, and sold to a private investor on a yield of 8.8 per cent.

Central Queensland University fully leases the building, and is leased until 2017, according to a statement Stockland issued to the ASX.

Stockland acquired the building in 2000 as part of the Australian Commercial Property Float, which included a swag of B-grade Sydney office.

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Marc Pallisco

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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