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Lendlease fund sells Adelaide, Australia, office building for more than A$100M

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Lendlease fund sells Adelaide, Australia, office building for more than A$100M

Lendlease Corp. Ltd.'s Australian Prime Property Fund Commercial sold the Santos Ltd. headquarters office building in Adelaide, Australia, for upwards of A$100 million, according to a report by The Australian.

The buyer of the building, located at 60 Flinders St., is said to be Melbourne-based private real estate company Nikos Property Group, the Aug. 9 report added.

The grade A, 15,731-square-meter office tower has been fully leased to the Australian natural gas company for a term of nearly five years.