Grollos exit suburban office trophy in $ 165m deal
The average lease expiry in the building, known as the Government Service Office, which includes ground-floor retail is 9.5 years. The deal was struck on a 5.3 percent initial income yield. For Growthpoint, the building on Dandenong’s Thomas Street, will add to its growing portfolio of suburban-focused assets. “The acquisition further increases Growthpoint’s exposure to …
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