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COLONIAL Sells Sydney Tower For $395M

COLONIAL First State Property fund is selling a Sydney office tower for $395 million to a private investor.

    COLONIAL First State Propertyfund is selling a Sydney office tower for $395 million to a private investor,The Australianreports. The company intends to use the sale proceeds to repay debt.

    Suncorp, the anchor tenant, has naming rights for the building, addsProperty Observer. The building’s tenants includeStandard & Poor’s技术公司GBSTand investment firmArgo.

    Click here for the story fromThe Australian.Click here for additional coverage fromProperty Observer.

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