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Perth’s Optima Centre sold to separate Charter Hall Group funds
Allens has advised a fund managed by BlackRock on the sale of Perth’s Optima Centre building to two Charter Hall Group funds.
Grace Ormsby
Firm: Allens (fund managed by BlackRock); Clayton Utz (Charter Hall Group funds)
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Deal: Allens has advised a BlackRock managed fund on its sale of Perth’s Optima Centre to two separate Charter Hall Group funds.
Value: More than $125 million
Area: Corporate, M&A
Key players: Victoria Holthouse led the Allens team, with senior counsel Karyn Thomson and associate Ilaria Corbett. Linklaters’ Alex Vogt and Viktor Graeme assisted in German aspects of the transaction.
Deal significance: The Optima Centre, completed in 2010, is an A-grade suburban office complex located just outside of the Perth CBD.
The BlackRock managed fund acquired the building in 2013.
According to an Allens statement, the complex is “leased to blue-chip tenants, including the WA state government, which occupies more than 80 per cent of the space.
Other major tenants include Canon Australia and ABN Group.
“We are delighted to have supported our client, a German fund managed by BlackRock, in the sale of the Optima Centre, which is a significant transaction in the WA market,” Allens’ lead partner on the deal, Victoria Holthouse exclaimed.
She said the team also “enjoyed working closely with our alliance partner, Linklaters, to advise on the German aspects of the transaction.”
“This transaction builds on Allens’ experience and profile in the WA property market, which is now showing signs of recovery after a tough few years during the mining downturn,” Ms Holthouse continued.
“It has been a pleasure to work with the team at BlackRock.”
