Westpac Makes Loss From Sale of Canberra Office Building

Westpac fund manager Keith Grayson said in an announcement yesterday the sale is consistent with its strategy of disciplined capital management.

Funds used from the sale will be used to retire debt.

The Canberra office measures 10,685 square metres and is fully leased to the University of New South Wales (which sold Westpac the office) until 2032.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco

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