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Grocon to Sell Sydney CBD Assets

Wednesday, October 6th, 2010

MELBOURNE-based builder Grocon will sell its Sydney headquarters, and an adjoining building that accommodates drinking institution the Belgian Beer Cafe. The two properties, set to fetch about $10 million, are surplus to the company’s needs, now it has restructured. Grocon plans to focus more on its own development activities, and less on third-party construction, according to the AFR, which reported the commercial property listings. Grocon’s outgoing office is in Gloucester Street.

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