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Investors seeking product in the CBD will have a variety of sources in 2013 - despite limited new stock
SYDNEY, 2 APRIL 2013 – According to Jones Lang LaSalle’s latest Sydney CBD Investment Market Review and 2013 Outlook, investment in the Sydney CBD reached AUD 4.29 billion in 2012 – the highest level on record since Jones Lang LaSalle began recording in 1988 – and significantly above the AUD 2 billion of sales in 2011.
This number was inflated by the AUD 2 billion of capital commitment to International Towers Sydney at Barangaroo South as well as the deals recorded as part of the de-listing of the Sydney proportion of the CQO. Outside of these transactions, interest in Sydney was from offshore groups and the return of Super Funds and A-REITs, according to the report.
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