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Real I.S. advised on sale of ATO building
German real estate investment fund manager Real I.S. has been advised on the sale of the Australian Taxation Office (ATO) building in Canberra for $290 million to a Charter Hall managed fund.
Jerome Doraisamy
Firm: K&L Gates (Real I.S.)
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Deal: Real I.S. has sold the ATO building in Canberra to a Charter Hall managed fund, in what K&L Gates has described as “a significant transaction for the office sector in the Australian Capital Territory”.
Area: Real estate
Value: $290 million
Key players: The K&L Gates team was led by partner Samuel Brown, who was assisted by senior associate Karen Yuan and associates Hourie Khdrlarian and Reilly King.
Deal significance: Mr Brown said: “We are very happy to continue to support Real I.S. with its strategic activities, and value our strong relationship with them.
“The transaction proceeded smoothly and we enjoyed working with Charter Hall and their legal advisors to exchange and close out a successful capital transaction.”
