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Lowys swoop on Domain’s Sydney HQ in $230m bargain deal

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

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    Original URL: https://www.afr.com/property/commercial/lowys-swoop-on-domain-s-sydney-hq-in-230m-bargain-deal-20241128-p5ku6q