In a partially related sale, Bligh Chambers in the Sydney CBD has changed hands for a total of $179,574,850.
The vendors were Kingsmede Pty Ltd, a company ultimately owned by Andrew Potter of Point Piper, and Pamiers Pty Ltd, a company associated with New Zealand businessman, Sir Robert Jones.
The property was transferred over two transactions of $89,787,425 each, leaving Andrew Potter’s company, King Bligh25 Pty Ltd, with 100% ownership.
According to Sydney Cityscope, Bligh Chambers is a 31-storey, 15,925 sqm building which was completed in 1977. It included squash courts, a golf practice range and other facilities. Major tenants include Next Capital Services, International Quality & Productivity Centre, the Turkish Commercial Office and well known steakhouse, Chophouse Sydney. The property is ideally located in the heart of the financial district and a short stroll to the Botanic Gardens.
This transaction is the first in 20 years. It last traded at $54.65 million in December 2000.