Shayher Group has picked up two campus-style office buildings in Sydney’s inner west less than a month after its near-$100 million acquisition of the historic Bulimba Barracks site in Brisbane.
The Taiwanese-backed developer secured the two buildings at 2-6 Cavill Avenue in Ashfield from Greg Shand’s Barana Group for $63.6 million on a 5.56 per cent yield.
The Barana Group listed the site for sale in May with a $75 million-plus price tag after securing development approval for a mixed-use residential scheme set to double the gross floor area of the 8,424sq m site.
▲ Shayher is rumoured to have paid about $90 million for the 20-hectare site.
Source: The Urban Developer
