Docklands Office Tower Sold For $114.5 Million

A Docklands office tower at 990 La Trobe Street has been sold for $114.5 million. 

The building was originally part of the SA Motor Accident Commission portfolio which comprised seven commercial properties and four industrial properties throughout five states and which generated an income of over $50 million a year.

Blackstone, one of the world’s leading investment and private equity firms with over $370 billion worth of assets under management, purchased the portfolio for a reported…