Huge Sale Of Sydney Office Tower

With some good news for the commercial property market this week, Dexus has announced a $530 million sale of a Sydney office building.  

Dexus, with an Australian property portfolio valued at $33.8 billion, has sold 45 Clarence Street in an off-market transaction to Singapore based Peakstone. Peakstone is a manager of Asian capital and the sale is conditional on receiving approval from the Foreign Investment Review Board. 

45 Clarence Street is a 28-level office and retail building with…