see that large sales are still possible
As part of the strategic review, Valad will "transfer'' a 40% interest in Gold Fields House at Circular Quay to one of its global institutional investors "at an equivalent price of $340 million for the whole asset''.
Valad, which intends to redevelop the prime site into an upmarket apartment block with components of office and retail space, bought the property for $274 million in June 2006.
