The latest transaction comes amid a wave of investment and development into Sydney’s second CBD, a boom that could deliver $11 billion of real estate when complete.
with the latest transactions involving neighbouring towers at 32 and 36 Carrington Street, which have been sold by Brookfield to separate parties for $109 million in total.the $2 billion Brookfield Place Sydney development,The larger tower at 36 Carrington Street has sold for $70.5 million on an initial yield of around 3.
With 2,123 sq m of space over 11 levels, the boutique block stands directly above Wynyard Railway Station. “Our assets are about curating an experience that is akin to luxury residential spaces termed ‘office apartments’,” said Alanna Ong, April’s asset manager. CBRE’s Harry George, Danny Shi and Hugh Thompson, together with CI’s Mike Stokes, John Bowie Wilson and Shirley Fan, were appointed to broker Brookfield buildings.
edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts.
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