This article is from the Australian Property Journal archive
Trafalgar Corporate Group?s gamble buy in Sydney?s North Ryde four years ago has paid off, for at least for one asset.
Yesterday, Trafalgar sold its property at 37 Epping Road, North Ryde to a private investor.
While, Trafalgar’s managing director Mark Davidson did not provide the exact price paid by the investor, he said it was well in excess of the current valuation of $19 million.
“We have taken advantage of the current buoyant Sydney commercial property market to deliver a strong result for the group.
“The transaction proceeds would be used to further build and diversify the Group’s already significant Investment Portfolio,” he added.
Trafalgar bought the 5,700 sqm property in October 2003 as well as another asset at 111 Wicks Road, North Ryde for $26.5 million for the Trafalgar Opportunity fund No.4.
Australian Property Journal
