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Ascendas-Singbridge Aquires 66 Goulburn Street

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Singapore based real estate firm Ascendas-Singbridge has purchased the 128-year leasehold of an A-grade 24-storey office tower at 66 Goulburn Street, Sydney for $252 million.  The deal was negotiated by Jonathon Vaughan, John Bowie Wilson, and Neil Brookes from Knight Frank in conjunction with Scott Grey-Spencer and Michael Andrews from CBRE. The vendor, GDI Property Group, a property and funds management group listed on the Australian Securities Exchange, purchased the leasehold of the tower for $136 million in June 2014 from Australand Property Group and PFA Diversified Property Trust.   

The 66 Goulburn Street tower is built on top of the six-storey Masonic Centre, and was originally completed by Grocon in late 2004. The tower…



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