Blackstone Sells CBD Office Tower For $184.6 Million

Bendigo & Adelaide Bank’s Adelaide head office at 80 Grenfell Street has been sold for $184.6 million. The property was put on the market by Ian Thomas of CBRE Adelaide in August 2017. The vendor, US private equity group, Blackstone, had held the property through the Grenfell Street Office Trust, a fixed unit trust registered in February 2016.
 
The purchaser will be a partnership between Centuria Capital Group and The Lederer Group. Centuria Capital is an ASX-listed specialist investment…