Queen Street asset sold by Challenger. : US-headquartered AEW has bought a Melbourne office tower for more than A$200m (€127m) from Australian financial services group Challenger. Industry sources said the building, located in Queen Street in the central business district, would form part of the AEW Value Investors Asia II fund. The fund bought its first asset in Australia – a B-Grade office building in central Sydney – for A$169m in 2017. Jason Lee, CIO for Asia, recently told IPE Real Assets that AEW’s second value-add fund would allocate more heavily to the office sector in key Asian cities.