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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