GDI sells 66 Goulburn Street for $252 million

GDI sells 66 Goulburn Street for $252 million
GDI sells 66 Goulburn Street for $252 million

The ASX-listed property fund manager GDI Group has sold its A-grade commercial office tower at 66 Goulburn Street in Sydney CBD.

It has been sold to the Singapore real estate firm Ascendas-Singbridge for $252 million.

The 24 floor building has 22,929 square metre of space.

Its tenants include Samuel Griffith Chambers, Government Property NSW, Prudential Investment Co, William Buck and the Copyright Agency.

The tower was acquired in 2014 for $136 million when the building had over 6000sq m of vacancy and expiring leases including one for 10,432sq m.

GDI has since leased, renewed or agreed to lease all its net lettable area.

The property is opposite the recently sold 59 Goulburn Street tower, bought by Fortius Funds Management for $158 million.

Tags: 
Sydney Commercial Property

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