Commercial and residential property news
ADELAIDE’s prominent 1 King William Street office has sold for $38.64 million.
A release by the selling agents, Colliers International and 333 Real Estate, is copied below, with some details.
The property sold on a yield of 9.5 per cent, based on the $3.685 million net passing income.
Read moreADMINISTRATORS for failed property group Record Realty should make about $95 million from the sale of two Melbourne office buildings, expected to come onto the market for sale within weeks. Sources expect Record Realty’s half share interest in the Harry Seidler designed 1 Spring Street office building to sell for about $65 million, the same price
Read moreAN office complex abutting Sydney’s Kingsford Smith Airport, in Mascot, is expected to sell for about $170 million. The site is managed by Trafalgar Corporate, which includes troubled investment group Record Realty (now in the hands of receivers KordaMentha) and the Qantas Superannuation Trust. All up, more than 40,000 square metres of office space and
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