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The most up-to-date transaction at Cliveden was in April 2008, when a 2,842 sq ft unit on the 10thfloor of the primary tower was sold for $11.12 million ($three,914 psf). The buyer, believed to be a high-net value Asian investor, is now looking to divest the unit. At Colliers’ auction on Sept 30, it had a gap value of $eight million ($2,815 psf). That value already reflects a 28% low cost to the owner’s purchase value seven years in the past.
