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.
