Assembly Funds Management, backed by the Rich Lister Lowy family, has teamed up with Wentworth Capital to buy Domain’s Sydney headquarters at 100 Harris Street for about $230 million.
In a sign of just how hard the office sector has been hammered, the Pyrmont building was sold by its owner Dexus for less than what the ASX-listed platform paid seven years ago, when it doled out $327.5 million.
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Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com