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Church Street office sells for $44 million as suburban sector heats up

Property Markets / Transactions

Australia

May 17 2017

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Simon Johanson, The Sydney Morning Herald

Perth-based syndicator Property Bank has sold Building 8 at 658 Church Street in Melbourne to a wealthy local investor for $44 million.

The sale follows Property Bank offloading another suburban office in South Melbourne's Market Street for $19.4 million on a 5.4 per cent yield last month.

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

SOURCE: The Sydney Morning Herald

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