Why this $103m office on Sydney CBD fringe sold at no discount
Centuria has divested a Sydney CBD-fringe office for $103 million, which represents no discount to its book value, in an optimistic sign for an office market that has been battered by hybrid work.
Real estate investment firm Kurraba Group acquired the office on behalf of a private investor who specialises in life science property. The asset, known as the Biomedical Building, is based in Sydney CBD-fringe technology hub South Eveleigh.
Kurraba had purchased of the South Eveleigh asset on behalf of a private investor. In the original story, the report stated that Kurraba was the buyer of the asset.
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