This article explains why Teoh bought the building - http://m.theaustralian.com.au/business/tpg-wins-30m-office-war/story-e6frg8zx-1227075665534
Imagine the costs & hassles in having to find another building and relocate because developers want to knock it down.
Seems like a reasonably priced buy if it's yielding 10% in rent, can't see them losing money on it.
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