According to The Australian Financial Review, Japanese investment giant Mitsubishi Estate Asia has put its 30 per cent stake in Sydney’s Salesforce Tower up for grabs, in a high-profile, $600 million test for the nation’s battered office market.
A sale at that price would value Sydney’s tallest tower at $2 billion, roughly a 10 per cent discount to what it was worth two years ago. The Japanese fund may even be willing to trade out on offers below that pricing, according to market sources. https://www.afr.com/property/commercial/salesforce-tower-stake-to-test-battered-office-market-20240805-p5jzhp
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