Sydney office block sold at 16% discount as rates, remote working hit sector
SYDNEY, Aug 18 (Reuters) - Australian real estate firm Dexus (DXS.AX) said on Friday it had sold an office building in downtown Sydney, with the buyer receiving a 16% discount on a 2022 valuation as higher interest rates and home working crunch prices for office space.
Reuters reported on Wednesday that the company, one of Australia's largest landlords, had signed a conditional deal last month to sell its Margaret Street building in Sydney's central business district, citing its annual report.
https://www.reuters.com/business/syd...or-2023-08-18/
SYDNEY, Aug 18 (Reuters) - Australian real estate firm Dexus (DXS.AX) said on Friday it had sold an office building in downtown Sydney, with the buyer receiving a 16% discount on a 2022 valuation as higher interest rates and home working crunch prices for office space.
Reuters reported on Wednesday that the company, one of Australia's largest landlords, had signed a conditional deal last month to sell its Margaret Street building in Sydney's central business district, citing its annual report.
https://www.reuters.com/business/syd...or-2023-08-18/
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