SUBSCRIBERS

AIMS AMP buys stake in Sydney building

A$184.4m Optus Centre deal is Reit's first investment in Australia

Published Mon, Nov 25, 2013 · 10:00 PM

AIMS AMP Capital Industrial Reit has signed a conditional agreement with a Stockland managed fund, Stockland Direct Office Trust No 2, to acquire a 49 per cent indirect stake in Optus Centre for A$184.4 million (S$211.4 million).

This is the first Australian investment for the trust whose portfolio of properties has been Singapore-centric so far.

Optus Centre is an A-Grade business park located at Macquarie Park in Sydney's north. It is fully leased to Optus Administration - a unit of SingTel Optus…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes