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Sydney towers added to private equity investor’s portfolio
Real estate investment group Altis Property Partners has acquired the freehold interest of two A-grade buildings in Rhodes.
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Firms: Clayton Utz (Altis Property Partners); Maddocks (Mirvac)
Value: $235 million
Area: M&A
Key players: The team advising Altis was led by Clayton Utz partner Matt Anderson (pictured), with assistance from senior associate Eva Oraham.
Deal significance:
Altis Property Partners has acquired 100 per cent of the Mirvac freehold interest in the towers at 3 and 5 Rider Boulevard, Rhodes, NSW.
The asset comprises two A-grade mixed-use office buildings on a 6,446-square-metre site, centrally located in Rhodes. The freehold site has been identified by a NSW government plan as a strategic centre for Sydney.
Altis’ $235 million acquisition of the two towers adds to the private equity investment group’s commercial portfolio, which is valued in excess of $2 billion.