ISPT Sells 55 Hunter Street Office, Sydney, For $106.1 Million

INDUSTRY Superannuation Property Trust has sold a Sydney CBD office building to private group, City Freeholds, for $106.1 million.

The 55 Hunter Street building sold on a yield of about 7.5 per cent.

The sale is the latest healthy office transaction in the Sydney CBD. Last month Investa Property Group paid more than $95 million for a half share in 60 Martin Place, while overseas investors are paying $685 million  for the luxury Aurora Place.

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Posted originally: 2010-02-15 15:29:00

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