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…