Sydney office sells for A$88.8m

  • iProsperity Group, an Australian-based advisory firm, has partnered with the China-based Bridge Capital, to buy Sydney’s central city 333 Kent Street office tower for the symbolic price of A$88,888,888 (NZ$93.3 million).

Eight is considered a lucky number in China, with connotations of prosperity and success.

The new owners will use the development approval to redevelop the property into a high-end hotel and residential building that will capitalise on the views across Darling Harbour.

It is in the heart of Sydney’s busy Western Corridor.

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The building’s new owners paid a symbolic price.

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