THE Commonwealth Property Office Fund has settled on the sale of a 50% interest in the 5 Martin Place development asset in Sydney to Cbus Property for $45.5 million.
The joint partnership continues to target a 30% tenant pre-commitment prior to construction commencing.
At the same time, CPA announced an estimated distribution for the six-month period ending 30 June 2012 of 3.20 cents per unit.
Meanwhile its sister CFS Retail Property Trust announced an estimated distribution of 6.60 cents for the period.
Property Review
