263 Clarence Street, Sydney

Marshall Investments acquired 263 Clarence Street, Sydney which settled on 18 October 2002 for a price of $11.65 million.  263 Clarence Street comprises basement parking, a second basement for storage, Ground floor retail and eleven upper levels of commercial office space.

The property is conveniently situated between Market and Druitt Streets in Sydney’s midtown Central Business District, close to the QVB, Pitt Street Mall and the Town Hall bus/rail interchange.
The building has undergone a major refurbishment in order to convert to strata lots of up to 404 m2.

Four levels leased to the International Management Group were sold to Domaine Diversified Fund for $6.525 million.  It was the second-largest strata sale in Sydney's CBD in 2004.
This project was a joint venture with Macquarie Bank.

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