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