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Big Law

Sydney office tower acquisition secured

A global firm advised Investa Commercial Property Fund on its acquisition of 75 per cent of 420 George Street, Sydney.

April 08, 2016 • By Lara Bullock
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Astrid Beemster, DLA Piper
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Firms: DLA Piper (Investa Commercial Property Fund)

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Deal: Investa Commercial Property Fund acquired a 75 per cent interest in Sydney's landmark 420 George Street.

Value: $450 million

Area: Real estate

Key players: The DLA Piper team was led by real estate partner Astrid Beemster (pictured), with assistance from partners Peter Charteris, Jock McCormack and Matthew Cridland, senior associates Melissa Lim and James Morse, and lawyers Rebecca Tan, Marco Ottaviano and Costa Valtas.

Deal significance: Investa Commercial Property Fund acquired a 75 per cent interest in Sydney's 420 George Street, to the value of $450 million.

The 31-level commercial property comprises over 37,000 square metres of premium office space.

This transaction represents one of Sydney's largest office tower purchases, according to a statement from DLA Piper.

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