Value: $166 million

Area: M&A

Key players: The Herbert Smith Freehills team was led by the firm’s head of real estate Australia and Asia, David Sinn (pictured), with support from solicitors Jean Liu and Emma Larkin.

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Deal significance: Growthpoint Properties Australia Limited (Growthpoint) is an ASX-listed Australian real estate investment trust (A-REIT) specialising in the ownership and management of quality investment property.

Growthpoint has acquired a fully leased A-grade office building located at 75 Dorcas Street, South Melbourne from SachsenFonds for $166 million.

The newly renovated 11-storey building is 100 per cent leased to several high-profile tenants, including ANZ, food conglomerate Mondelez and BMW.

“This acquisition is yet another substantial addition to Growthpoint’s $1.6 billion office portfolio across Australia,” Mr Sinn said.