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Lendlease fund to sell Adelaide, Australia, office tower for more than A$100M

The property investment platform of Lendlease Corp. Ltd. is poised to sell the grade A 60 Flinders St. office tower, covering 15,732 square meters of space in Adelaide, Australia.

The Australian Prime Property Fund Commercial, managed by Lendlease Investment Management, is seeking at least A$100 million for the building, according to a report by The Australian Financial Review.

Oil and gas giant Santos Ltd. is headquartered at the premises on a lease that expires in 4.7 years, the May 9 report added.

CBRE said it will run an expressions of interest campaign for the tower, according to a release by the commercial property services and investment company.