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Sydney landlords derailed by new stations, but city on right track – The Australian Financial Review

Central Sydney’s property market has been jolted by the NSW government’s decision to acquire 13 buildings to make way for two new Sydney Metro West stations.

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That deal is off and AsheMorgan may have to wait another 12 to 18 months to cash out of the investment.
JLL agent Luke Billiau, who was marketing the property with Flint Davidson from CBRE, said there had been intense interest for the property.
This building at 28 OConnell St will be bought by the NSW government and demolished to make way for Hunter Street Station, part of the Sydney West Metro line. Jessica Hromas
Theres been an enormous amount of inquiry and weve got 30 groups in the data room…

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