A boutique office building on Flinders Lane has changed hands in an off-market deal for $9.8 million, reflecting a tight yield of only 4.5 per cent. Fitzroys director Paul Burns, who negotiated the deal, said the seven-storey building at 175 Flinders Lane attracted several bidders in a private sales process. Title documents reveal the vendor was a private company called Othonna, controlled by the Hansen family and the buyer was Sunshine Property Holdings, a company owned by philanthropist Helen Sykes, who is married to businessman...
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