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Aussie office assets remain attractive for offshore buyers

Australian office assets remain the most attractive real estate class for offshore investors, even as transaction levels plunge and the future of office work comes into question due to the pandemic.

Sydney CBD office buildings
Sydney remains Australia's most attractive commercial property market for international investors. Photo: Shutterstock

Australian office assets remain the most attractive real estate class for offshore investors, even as transaction levels plunge and the future of office work comes into question due to the pandemic.

Research by commercial agency CBRE showed 66 per cent of all international real estate acquisitions in Australia in the first three quarters of 2020 were for office assets, with the deals collectively worth $7.8 billion.

The total value of office de…