Are designer sport shoes no longer running out the door? The bosses of Nike in Australia are selling off two Sydney apartment blocks in what’s tipped to be the ‘year of beds and sheds’.
Office site could fetch $70m in Sydney’s tech precinct
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A private investor is testing the market with a commercial campus that has been used for media and broadcasting education purposes in the heart of Sydney’s new city fringe tech precinct.
The 7-storey office and now campus at 39-47 Regent Street, Chippendale is tipped to generate prices of around $70 million, although the sales agents at JLL, IB Property and Karbon Property, declined to comment.
The building is 100 per cent occupied on a long-term lease to SAE Institute of Australia a subsidiary of Navitas, and owned by a Melbourne-based investor who bought the property for $38 million in July 2017.
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