Firms: Clayton Utz (China Investment Corporation); Allens (Morgan Stanley)
Deal: China Investment Corporation has acquired the Investa Property Trust premium office tower portfolio.
Value: Over $2 billion
Key players: David Wilkie and Kylie de Oliveira (pictured) led Clutz’s transaction team. Vijay Cugati and Mark Stubbings were the lead partners on the Allens team.
The Investa Property Trust office tower portfolio includes some iconic Sydney and Melbourne properties: Grosvenor Place, Deutsche Bank Place and 400 George St (in Sydney) and 120 Collins St in Melbourne.
The deal represents the largest-ever direct investment in Australian commercial real estate.