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Macau Investor Takes A Gamble On Sydney
As commercial sales in the Sydney CBD continue, an office tower at 179 Elizabeth Street, Sydney has been sold for $265 million, apparently about $15 million more than was expected.
The sale was arranged by Colliers International and Savills and the vendor was the M6 Property Trust, a privately held property trust controlled by James Markham of Point Piper and managed by Markham Real Estate Partners Pty Limited. The purchaser was a private investor based in Macau (China).
According to…
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