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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.

February 16, 2023 • By Jerome Doraisamy
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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.”

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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