Huang Xiangmo's Yuhu Group has left millions of dollars on the table after the Chinese billionaire opted for a quick and discreet sale of his North Sydney office tower rather than a high profile sales campaign.
The sale of the 15-storey tower at 20 Berry Street for $114 million was conducted privately between Yuhu Group and local developer Sarkis Nassif, of Holdmark Property Group.
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Ingrid Fuary-Wagner is the AFR's explainer editor, based in Sydney. She previously wrote about property and before that was news editor at Domain. Connect with Ingrid on Twitter. Email Ingrid at ingrid.fuary-wagner@afr.com
Angus Grigg is an investigative reporter based in Sydney. He has worked as a foreign correpondent in China and Indonesia, and has won two Walkley Awards. Connect with Angus on Twitter. Email Angus at agrigg@afr.com
Neil Chenoweth is an investigative reporter for The Australian Financial Review. He is based in Sydney and has won multiple Walkley Awards. Connect with Neil on Twitter. Email Neil at nchenoweth@afr.com.au
