December 31: Sydney Legionnaires’ Cluster Prompts CBD Cooling Audits
Sydney legionnaires disease o developments matter for Singapore investors with exposure to Australian offices. On 31 December, NSW Health confirmed a fourth case linked to Sydney’s CBD, with urgent inspections around Clarence Street near Wynyard. Authorities are auditing cooling towers to trace the source. We see near-term risks to property operating costs, compliance workloads, and tenant activity if more cases emerge. This piece outlines what the NSW Health alert means, cost drivers to watch, and practical monitoring steps for portfolios with Sydney CBD exposure.
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