Crown Close to $52 Million Sale of Sydney Penthouse, AFR Says

Crown Resorts Ltd. is close to selling a penthouse in its Sydney skyscraper for about A$80 million ($52 million), some A$20 million less than initially hoped for, the Australian Financial Review reported.

A local buyer, using a structured deal, is said to be about to secure the six-bedroom apartment on the 81st floor of the 271-meter-tall One Barangaroo tower, the AFR said, citing unidentified industry sources.