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ActewAGL building in Civic sells for $76m

Summary by Ground News
The seven-storey office block at 40 Bunda Street was listed for sale in October with price expectations of more than $80 million. Event Hospitality and Entertainment, which owns Event Cinemas, QT Hotels and Thredbo Alpine Resort, listed the building for sale as part of its "strategy to divest non-core property assets" Charter Hall CEO David Harrison said the property ticked a lot of boxes including the ongoing lease agreement with ActewAGL, which was recently extended to 2029.

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The Canberra TimesThe Canberra Times
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ActewAGL building in Civic sells for $76m

The new owners now have more than $1 billion worth of Canberra assets.

·Canberra, Australia
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The Canberra Times broke the news in Canberra, Australia on Tuesday, January 11, 2022.
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