The Sturt Centre, an office building in South Australia’s Murray Bridge, has sold for $7.5 million following a competitive sales campaign highlighting strong investor demand for government-backed regional assets.

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CBRE’s Portfolio Auction Series 187 realised a total of $42 million, highlighting continued demand for essential service investments, with yields as sharp as 4.11%.

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ReVest Property Group has successfully sold 20 Sterling Road, Minchinbury on a sharp initial yield of 4.24% on behalf of Bains Property.

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