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.
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 was a senior writer for The Australian Financial Review
