Real Estate
Portfolio is Australia’s largest single commercial property disposal this year. : AEW and Swiss Re are among a group of buyers acquiring five office buildings in Australia owned by the Singapore-based TrustCapital Advisors (TCA) for a total of AUD728m (€466m). In July, IPE Real Asset reported that TrustCapital is looking to sell AUD700m worth of Australian offices. Carving up of the portfolio is Australia’s largest single commercial property disposal this year. AEW has acquired 50 Pitt Street in Sydney CBD for AUD165m while AMP Capital, acting for Zurich-based reinsurer Swiss Re, has bought 469 LaTrobe Street in central Melbourne for AUD161m.

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