The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Interested in a Corporate TUD+ Membership? Access premium content, site tours, event discounts and networking opportunities
Interested in a Corporate Membership? Access exclusive member benefits today
Enquire NowEnquire
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Partner Lab
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
OtherStaff WriterTue 02 Jun 15

CorVal Sells Sydney Office Block For $58 Million

TUD+ MEMBER CONTENT
1
SHARE
1
print
Print

Property fund mangers CorVal have recently sold a North Sydney Office Tower for an estimated $58 million.

As reported in The Australian Financial Review, the building at 140 Arthur Street was bought by HK Realway, backed by a private investor based in Hong Kong.

The tower has 16 storeys, with a net lettable area of more than 8300 square metres and parking for 84 cars.

The property was sold through Knight Frank agents, with their information memorandum noting the site could be developed into a residential building with up to 250 serviced apartments or as a hotel and motel under the current B3 zoning.

ALSO SEE: Sydney's Skyline Set to Rise

HK Realway owns a number of large towers in the Sydney area including the Cinema Centre Car Park in the CBD and has recently purchased another office tower at 309 George Street from Abacus Property for $112.3 million.
[googlemaps https://www.google.com/maps/embed?pb=!1m18!1m12!1m3!1d6628.25783588587!2d151.20412613666878!3d-33.834785839297965!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x6b12aeed5461ebfb%3A0xe6e43378b66e039!2s140+Arthur+St%2C+North+Sydney+NSW+2060!5e0!3m2!1sen!2sau!4v1433293680985&w=600&h=450]

OtherResidentialOfficeHotelAustraliaReal EstateSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Anthony and Paul Mancini HERO TEMP
Exclusive

Adapt or Die: How Mancini Pulled Back from the Brink

Leon Della Bosca
8 Min
Elanor Investors Tweed Mall masterplan
Exclusive

Tweed Marks Time as $900m Mall Redevelopment Goes Quiet

Renee McKeown
6 Min
High-density residential construction in Melbourne
Exclusive

Stabilising Conditions in Melbourne Bring Hopes of Improved Feasibility

Leon Della Bosca
6 Min
QBCC project trust accounts hero
Exclusive

Developers Warned as Commission Cracks Down on Subbie Pay Scheme

Clare Burnett
7 Min
Urban Infill site at Tonsley SA
Exclusive

SA Grapples with ‘Development Killer’ Carparking Law Changes

Leon Della Bosca
7 Min
View All >
the view to Victor Harbor in Greater Adelaide.
Residential

Bill Unlocking 61,000 Home Sites Passes in South Australia

Renee McKeown
GPT/QuadReal First Partnership EDM
Industrial

GPT, QuadReal’s $1bn Deal Joins Rush for Aussie Logistics

Clare Burnett
Anthony and Paul Mancini HERO TEMP
Exclusive

Adapt or Die: How Mancini Pulled Back from the Brink

Leon Della Bosca
A father’s advice inspired a pivot that not only saved two brothers’ construction firm but drove it to new heights…
LATEST
the view to Victor Harbor in Greater Adelaide.
Residential

Bill Unlocking 61,000 Home Sites Passes in South Australia

Renee McKeown
2 Min
GPT/QuadReal First Partnership EDM
Industrial

GPT, QuadReal’s $1bn Deal Joins Rush for Aussie Logistics

Clare Burnett
3 Min
Anthony and Paul Mancini HERO TEMP
Exclusive

Adapt or Die: How Mancini Pulled Back from the Brink

Leon Della Bosca
8 Min
Coliving Chippendale EDM
Residential

Plans for $31m Co-Living PBSA in Sydney CBD Revealed

Clare Burnett
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/corval-sells-sydney-office-block-58-million