Foreigners the biggest buyers of Sydney’s offices

Tim McIntyre from the Daily Telegraph has all the NSW property news.Research by real estate network Savills Australia revealed in the CBD alone, office deals tallied up 27 sales hitting the value of .6 billion, with foreign investors claiming 60 per cent of purchases, worth a staggering .67 billion.In CBD and metro areas, 79 office transactions worth more than .7 billion were sold in total. Foreign investors again led the pack here with 20 property buys, splashing out .5 billion — 40 per cent of total value of sales in this category.The biggest deal, involving a portfolio of seven Sydney properties clocking up .967 billion, was made to China Investments Corporation.Nationally, foreign investors took up a whopping 68 per cent share of office sales in CBDs.Savills NSW managing director Simon Fenn said the returns on Sydney office property made it more attractive to buy here than other international investment hot spots.