Thakral Holdings Close to Selling Wynyard Complex For $250 Million

WESTFIELD Group is reportedly considering buying the Wynyard Complex in the Sydney CBD.

The purchase from Thakral Holdings is for a reported $250 million and includes a small retail centre with access to George Street and which forms a concourse entrance to the Wynyard train station.

The asset also includes the 446-room Menzies Hotel, the Thakral House office building and a 335 bay car park, according to selling agency Jones Lang LaSalle.

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Thakral Pulls Two Assets From the Market

THAKRAL Holdings has pulled two major assets from the market after they failed to generate buyer interest. The assets – the Sofitel Gold Coast and Oasis Shopping Centre – were expected to fetch about $200 million. Funds would have cut gearing and reinstated distribution. Managing director John Hudson is reported in the AFR as saying

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Thakral sells Collins Street hotel and shopping centre for $200 million

LaSalle Investment has paid a speculated $200 million for the Novotel hotel on Collins Street and lower level Australia on Collins Shopping Centre. Thakral Holdings offloaded the assets after late last month withdrawing two other investments, in Queensland, from sale. Those properties were also expected to reap about $200 million. The 260 Collins Street acquisitions

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