Sydney’s 179 Elizabeth Street Office Close to Sale

SYDNEY’s 179 Elizabeth Street office building is reportedly close to sale for a price speculated to be about $95 million.

Echo Capital Partners, run by former Valad co-founder Stephen Day, is “in talks” to buy the building on a yield of about 7.5 per cent, according to the AFR.

GPT is selling 179 Elizabeth Street, in a deal expected to arm with it funds to buy a half share in the $800 million 163 Castlereagh Street.

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