Blackstone Sells 121 King William Street

Again to Adelaide this week and the sale of the major CBD tower at 121 King William Street. Also known as the Ernst & Young Building, the building has sold for $82.25 million in an off market sale. Vendor was The Blackstone Group L.P, the American multinational private equity, investment banking, asset management and financial services corporation based in New York City.

Purchaser was the Charter Hall group, one of Australia’s leading property groups. They own and manage Australian…