By Kaitlin Ugolik ( July 1, 2014, 4:35 PM EDT) -- Australian real estate company Mirvac has closed on the sale of a 50 percent interest in Sydney's Westpac Bank building to an affiliate of Blackstone Group LP for $824 million, The Sydney Morning Herald reported. A unit of Blackstone Real Estate Asia reportedly purchased the stake in the tower at 275 Kent St., with Mirvac providing $156 million in vendor financing. The sale is related to Mirvac's effort to sell off noncore assets, according to the Herald....
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