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Charter Hall snaps up Dexus site for $229m

People & Companies / Latest News

Australia

May 24 2017

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Carolyn Cummins, The Sydney Morning Herald

Charter Hall's Prime Office Fund and Direct Office Fund have extended their joint venture with the exchange of contracts with Dexus Property to buy the office tower at 105 Phillip Street, Parramatta, Sydney, for $229 million.

The property is a fit-for-purpose, 25,000 square metre A-grade office tower that has been pre-committed on a 12-year lease with Property NSW. As part of the sale agreement, Dexus is responsible for delivering the development and will be the property manager for five years after its completion in mid-2018.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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