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Office space values tumble

Staff Reporter 1 minute read

The commercial property sector continues to feel the impact of the global market downturn, with one fund – the Commonwealth Property Office Fund (CPA) – reporting a drop in some properties by nine per cent.

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Colonial First State Property, the manager of CPA, said that 15 of its property assets had been independently re-valued down by $190.7 million to $2.15 billion for the December quarter, The Australian reported today.

 

 

Office space values tumble
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