Save Millers Point, Dawes Point & The Rocks.: Barangaroo Site For Sale

By Carolyn Cummins – June 13 2014#savemillerspointA development site at the northern end of the Barangaroo peninsula, Millers Point, has been offered for sale amid rising demand for mixed use space in the area that is independent to the Lend Lease project.A consortium of three private investors are selling their long-held 1-3 Munn Street offices, which adjoins the new headland park at what has been dubbed Barangaroo North. The price for the buildings offered with ground lease is estimated at $40 million.James Parry, managing director of capital markets at Knight Frank,  is advising on the sale and  said it was rare for these heritage-style assets to be offered.He said the tenant, Universal Music, had come to the end of their lease and the owners felt it was time to sell and gain traction from the adjoining Barangaroo development.

via Save Millers Point, Dawes Point & The Rocks.: Barangaroo Site For Sale.

via Save Millers Point, Dawes Point & The Rocks.: Barangaroo Site For Sale.

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