Charter Hall locks onto $2b Southern Cross in record office deal - The Australian Financial Review
4/28/2022 12:00:00 AM3 years 10 months ago
by Nick Lenaghan
by Nick Lenaghan
While the sheer scale of the Melbourne deal is historic, there will more focus on its tight investment yield, which represents a strong sign of confidence in a market that endured two years’ of rolling lockdowns.
The transaction, being brokered by Cushman & Wakefield and CBRE, involves all of the larger 41-level, 80,000-square-metre Southern Cross east tower. Its joint owners, Blackstone and Brookfield, h… [+1390 chars]
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