stockland, corval, north ryde, schneider electric
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North Ryde Office Sells for $72 million

Added on Fri 13 December, 2013, 9:10 am

Stockland have sold 78 Waterloo Road for $72 million, reflecting a yeild of 7-8 per cent.

CorVal, a property fund manager lead by Ian O'Toole said the opportunity 'appealed because of its location near a railway station and shopping centre'.

The eight level asset was built in 2009. The major tenant is Schneider Electric and it has 14,672 sqm of floor space.

It achieved a 5.5 star NABERS rating.

 

Australian Financial Review 10/10/2013

CorVal