News Snapshot:
Offering 85 metres of retail frontage (tenants include Aussie Disposals, KT Mart and China Bar) and occupying an 1800-square-metre corner site, Mitchell and Milledge House sold on a tight yield of 4.2 per cent and in line with $55 million-plus expectations. There were 200 buyer inquiries and 10 offers received for the two buildings, according to selling agents Oliver Hay, Daniel Wolman and Leon Ma of Cushman & Wakefield. Tom Byrnes and Scott Keck of Charter Keck Cramer acted as transaction advisers. “In a period where the CBD market has been starved of sizeable transactions, this is a strong indicator...
