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Access here alternative investment news about Investment Firm Wingate Pays Real Is Aud103.5m For Adelaide Tower | News | Ipe Ra
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Investment Firm Wingate Pays Real Is Aud103.5m For Adelaide Tower | News | Ipe Ra

by realassets.ipe.com posted 4months ago 64 views
Real IS acquired the tower at 77 Grenfell Street for about AUD90m in 2011.: German investor Real IS has sold an office building in Adelaide, South Australia, to the Melbourne-based investment firm, Wingate, and its partner, Chris Lock, for AUD103.5m (€65.5m). The tower, anchored by the Department of Planning, Transport and Infrastructure and other state government departments, was sold on a yield of about 8.6%. Real IS has been in Australia for more than a decade, making its first investment in 2005 and by 2012, it had set up an Australian office in Sydney.

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