Growthpoint Properties Australia has settled on a newly developed office building at Camberwell, in Melbourne’s leafy east, in a $125 million deal that underlines the rising interest in suburban workplaces.
The acquisition of 141 Camberwell Road, first flagged by ASX-listed Growthpoint at its interim results, has been finalised on a relatively tight yield of 4.71 per cent.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
