Oxford wins Grocon's Barangaroo project
Canada’s Oxford Properties has won the rights to Grocon’s $2 billion stake in the Barangaroo Central development. Among those who were also vying for the prime development project were local fund manager Charter Hall and Japan’s Mitsui.
Grocon confirmed that Oxford Properties has been selected as the preferred party. The deal will see Grocon remain as development manager.
Grocon has been under pressure to secure major investors for its stake in the project before its own line of credit runs out in September.
Image source: Wolter Peeters
Article source: https://www.afr.com/real-estate/oxford-to-win-grocons-barangaroo-project-20180620-h11lzg
Ray White’s top 10 listings for June: (Click on the address to view listing)
Part 30, 264 George Street SYDNEY
Suite 2102, 126 Phillip Street
Suite 701, 109 Pitt Street SYDNEY
Suite 901, 50 Margaret Street SYDNEY
Suite 102, 66 Clarence Street SYDNEY
Part 39, 161 Clarence Street SYDNEY
Suite 804, 46 Market Street SYDNEY
Level 9, 46 Market Street SYDNEY
Level 8, 27 Macquarie Place SYDNEY
Levels 1 and 2, 94 Beattie Street BALMAIN