Australian law firms are expecting more work from commercial property deals this year, as two recent sales in Sydney through Allens Arthur Robinson hint at higher activity levels in the sector.
The firm acted for property development and investment firm Grosvenor Australia in the sale of 20 Hunter Street, Sydney, to Hong Kong’s CLSA Capital Partners for A$77 million in December, and an office tower on 25 Smith Street, Sydney, to a private investor for A$48.4 million. The latter will be completed later in 2010.
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