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Dexus gains council approval to build Sydney office tower

Dexus obtained consent to develop a 33-story office tower at 140 George St. in Parramatta, Sydney, from the Parramatta City Council.

The planned tower is valued at A$500 million, according to a report from The Australian Financial Review.

The grade A office building will cover 45,700 square meters, the real estate investment trust said in a release.