Billions in CBD office tower sales to test valuations
Listed property giants Charter Hall and Dexus have quietly put billions of dollars worth of CBD office towers up for sale, in one of the biggest tests for a market that all but shut down as flexible work took hold and interest rates soared, sending valuations lower.
Charter Hall, Dexus and other big landlords have been keen to recycle capital through their real estate portfolios, to develop a new generation of blue-chip towers to win corporate tenants.
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