Article in HighBean research regarding our transaction advisory for Deka Immobilien Investment regarding sale of two office towers in Sydney to Industry Superannuation Property Trust (ISPT)
Byline: Paddy Manning
Jun 05, 2006 (The Australian – ABIX via COMTEX) — There is strong interest in the sale of office properties in Sydney by a German investment fund. Deka Immobilien Investment is selling its portfolio estimated to be worth $A850 million. Industry Superannuation Property Trust (ISPT) is thought to be negotiating exclusively for two office towers worth over $A500 million. It is also thought that Allco Finance Group is negotiating the purchase of 20 Bridge Street for an estimated $A205 million. There is speculation that Deka’s other property could be bought by GE Real Estate for over $A140 million.
Publication Date: 6 June 2006
Article Link: http://www.highbeam.com/doc/1G1-146667525.html