HONG Kong-based CLSA Asia Pacific Markets is reported to be formalising the purchase of Sydney's Australian Securities Exchange building, at 20 Bridge Street.

The speculated $140 million sale is expected to be finalised later this month, and would translate to a low 7 per cent yield if the building were fully occupied, which it is not.

CLSA is a brokerage and investment arm of French bank Credit Agricole, which focuses on the Asia region.

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