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A$275M Sydney property up for sale

Australia-based fund Retail Employees Superannuation Pty Ltd, or Rest, is looking to divest a 23-level office tower at 60 Station St. in the Parramatta suburb of Sydney, The Australian Financial Review reported.

The estimated A$275 million tower, completed in 2012, spans a net lettable area of 25,729 square meters, including retail space and basement parking.

Rest tapped Knight Frank and CBRE officials to broker the asset.

In April, the fund agreed to buy a one-third interest in Quay Quarter Tower in Sydney for roughly A$900 million.