In a boost of confidence for Melbourne’s pandemic-battered CBD office market, a Singaporean investor has swooped on a Queen Street tower in a $145 million deal, struck on a sharp yield.

The acquisition of 350 Queen Street by TE Capital Partners from a private investor has been agreed on an initial yield of 4.8 per cent, considered to be a relatively tight yield for a B-grade building in a market where leasing risk

Read More: https://www.afr.com/property/commercial/singaporeans-settle-in-on-queen-street-20200706-p559gc