Sydney's Kazal family has offloaded a prized Circular Quay retail asset leased to Management International Group and trading as Buckley's Craft Beer Bar for $21.5 million at a tight net yield of 4 per cent.
While tight, the yield was still better than another Circular Quay asset sold earlier this year.
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Su-Lin Tan reported on housing, commercial real estate and property finance. She also covered China and Asian business, trade and politics. Connect with Su-Lin on Twitter. Email Su-Lin at stan@afr.com.au