BECTON Investment Management has quietly offloaded a CBD building it purchased at the peak of the market two years ago.
 
The 446 Collins Street office building is speculated to have sold for about $21 million, reflecting an approximate 7.1 per cent yield, based on the building’s annual net income of about $1.5 million.
 
Allard & Shelton directors Patrick Barnes and Joseph Walton marketed the 11-storey, 5,543 square metre office, but declined to elaborate on a buyer or price. 

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