Investors circle $100m of assets as they seek high yields


Investors are on the hunt for higher-yielding assets, with an array of development sites worth more than $100 million in the market to catch the cashed-up sector.

One of the latest deals was by a private investor who paid $10 million for the 1009.3 sq m freehold commercial building at 2A Phoenix Street, Lane Cove, from PHFB Investments Pty Ltd on a 5.19 per cent yield.

Andy Hu and Jordan Lee of Savills Australia negotiated the sale, saying local investors as well as offshore groups from Hong Kong, Malaysia and Singapore have recorded strong interest in what little stock is currently for sale.

The freehold commercial building at 2A Phoenix Street, Lane Cove, Sydney

Next month, the Tavakoli family are hoping to capitalise on this recent sale…



Click here to view the original article.

S&P/ASX 200 
7,055.50  41.30  0.59%  
ALL ORDINARIES 
7,287.30  47.90  0.66%  
Dow Jones Industrial Average 
34,382.13  360.73  1.06%  
S&P 500 
4,173.85  61.35  1.49%  
NASDAQ Composite 
13,429.98  304.98  2.32%  
NYSE COMPOSITE (DJ) 
16,415.36  233.76  1.44%  
FTSE 100 
7,043.61  80.28  1.15%  
DAX PERFORMANCE-INDEX 
15,416.64  216.94  1.43%  
Nikkei 225 
28,010.09  74.38  0.26%  
HANG SENG INDEX 
28,027.57  0.0000  0.00%