Sale of 143 Harris Street, Pyrmont Shows Continued Strength of Commercial Market

The Sydney CBD fringe office market continues to demonstrate strength as the year draws to a close. An office building at 19 Harris Street, Pyrmont has been sold for $143 million in a sale arranged by JLL Sydney and Colliers International.

Fully leased, the sale represented an initial yield of 4.87% on passing income of $6,964,100. The purchaser AEW, one of the largest real estate investment managers in the world with over $73 billion in assets under management, will place the asset in its…