Ascendas-Singbridge Group to acquire commercial building in Sydney for A$252m

Singapore

URBAN development and business space solutions provider Ascendas-Singbridge Group has entered into a contract of sale with GDI Property Group to acquire 66 Goulburn Street, an iconic A-grade commercial building in Sydney's central business district (CBD) for A$252 million (about S$272 million).

The property has a net lettable area of about 22,890 sq m over 24 office levels, a ground floor retail space and 53 basement parking spaces.