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Mapletree Acquires A$275m Asset From Former Investa Office Fund | News | Ipe Ra

by realassets.ipe.com posted 2weeks ago 9 views
Sales of assets from the IOF portfolio to date have fetched around A$700m in total. : Singapore’s Mapletree Investments has acquired an office tower at 111 Pacific Highway in North Sydney for A$275m (€127m) from Oxford Properties. In March, Oxford Properties announced plans to sell 40% of around A$4.5bn (€2.82bn) worth of assets in Australia held in the former Investa Office Fund. The property arm of Canadian pension fund OMERS - which outbid Blackstone in a A$3.5bn offer for the trust in December last year - is planning to sell a total of 11 non-core properties valued at A$1.4- A$1.5bn.

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