Sydney CBD office deal tops investment transactions in Jan-March 16: Savills

Sydney CBD office deal tops investment transactions in Jan-March 16: Savills
Sydney CBD office deal tops investment transactions in Jan-March 16: Savills

Sydney's 420 George Street topped the list of major commercial investment transactions tracked by Savills in its Asia Pacific Investment Quarterly (Jan-March 2016) with a deal value of $442.5 million. 

Savills note the purchase of 420 George Street by Investa Property Group for $442.5 million in March 2016. With a reported initial yield of 5.30 percent, the transaction reflected one of the tightest yields for an A Grade asset purchased by a local post GFC.

The list comprises nine deals, with second position going to Adelaide's Rundle Place, 80 Grenfell Street at $400 million, followed by 1 Woolworths Way in NSW's Bella Vista for $336.5 million. Incidentally, all three are office spaces.

Interestingly, Melbourne's 1 Collins Street was at the bottom with a transaction value of $125 million.

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Sydney CBD office deal tops investment transactions in Jan-March 16: Savills

 

 

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Commercial Investments

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