Dexus announces that it has exchanged contracts to sell 1 Margaret Street, Sydney, an A-grade office building located in the western corridor of the Sydney CBD with a WALE of 2.1 years and occupancy of 93.7%.
The sale will realise proceeds of A$293.1 million, in line with the June 30, 2023 book value. Settlement is expected to occur in October 2023, according to a company statement.
