Centuria’s strategic sale
Publicly-listed Centuria Capital's property funds management subsidiary, Centuria Property Funds, has this week announced its intention to sell a commercial property in Sydney's Olympic Park precinct which it claims has future residential potential.
The company named the property as 100 Bennelong Parkway — a two-storey building fully leased to Australian infrastructure management and development company Jemena Limited until November 2017, with the lessor having early lease termination rights.
Commenting on the move, Centuria Property Funds chief executive Jason Huljich said he believed the property offered investors an opportunity to secure a 100 per cent leased property, with potential for residential development.
Savills Australia in conjunction with GJS Property has been appointed to sell the property.
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