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By Lewis Jackson and Rishav Chatterjee
SYDNEY (Reuters) - Australian real estate firm Dexus said on Friday it had sold an office building in downtown Sydney, with the buyer receiving a 16% discount on a 2022 valuation as higher interest rates and home working crunch prices for office space.
Reuters reported on Wednesday that the company, one of Australia's largest landlords, had signed a conditional deal last month to sell its Margaret Street building in Sydney's central business district, cit...
>>> Read more: Sydney office block sold at 16% discount as rates, remote working hit sector
SYDNEY (Reuters) - Australian real estate firm Dexus said on Friday it had sold an office building in downtown Sydney, with the buyer receiving a 16% discount on a 2022 valuation as higher interest rates and home working crunch prices for office space.
Reuters reported on Wednesday that the company, one of Australia's largest landlords, had signed a conditional deal last month to sell its Margaret Street building in Sydney's central business district, cit...
>>> Read more: Sydney office block sold at 16% discount as rates, remote working hit sector
