Libermans' Tower Sold for $130M, Office & Retail Values Shift
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Liberman family sold their troubled office tower in Collingwood for $130 million, less than the original $160 million estimate, due to construction issues from two builder collapses. The property was bought by a Sydney buyer. Meanwhile, Impact Investment Groups Footscray property is back on the market after changing hands for $33.1 million in 2019. Retail deals also saw shifts, with a fashion shop in Armadale selling for $4.65 million and a Camberwell store passing in at $6.2 million. On the development front, Sterling Global, Hickory Group, and Riverlee started new projects, despite easing construction costs and softer capital values.
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