News
Trust's Chews Lane purchase questioned
Friday 21st of December 2007
The property is part of the wider Chews Lane precinct, which is currently undergoing an extensive $180 million office, retail and apartment redevelopment.
The purchase price is at a 7% running yield on leasehold land and it includes a $1.5m rental underwrite.
Broker Goldman Sachs JB Were says “this is an expensive acquisition, that is valuation neutral at best.&rdq...
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