Propertylink Doubles Its Return On North Sydney Office Tower

Propertylink, acting for its Propertylink Enhanced Partnership (PEP), and owner of 80 Mount Street, North Sydney, has announced the building’s sale at $71 million. PEP is a fund established in 2016 which is jointly owned by Propertylink (25% share) and Goldman Sachs (75% share). It was founded by an initial $142 million portfolio acquired in 2016 and a later $145 million purchase in 2017.

80 Mount Street, according to North Sydney Cityscope, is a building of 18 levels comprising ground…