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1.Market Observations, 8.Was Sticky

3 Jan 2017 (AFR) – Commercial property set for big year after $1.2bn in Xmas deals

(3 january 2017, AFR, p29, by Larry Schlesinger)

‘Australia’s commercial property market heads into 2017 with plenty of momentum after more than $1.2 billion of office towers, hotels, pubs and residential land changed hands during a busy Christmas period. Values are expected to soar higher and investment yields to tighten further on the east coast amid continued strong demand from both local and offshore investors and developers for a limited pool of quality assets. The Christmas sales were led by AMP selling its headquarters overlooking Circular Quay in Sydney to two…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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