subscribe to our newsletter sign up
Sydney towers added to private equity investor’s portfolio

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.

Firms: Clayton Utz (Altis Property Partners); Maddocks (Mirvac)

Deal: Altis has acquired Mirvac’s freehold interest in two commercial towers in Sydney.

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.

Clayton Utz partner Matt Anderson

Promoted content
Recommended by Spike Native Network