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

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