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Home of Aussie stock exchange sells for $185 million
Mallesons Stephen Jaques and Arnold Bloch Leibler have acted in the sale of the ASX Centre to RREEF Real Estate.
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Firms: Mallesons Stephen Jaques (RREEF Real Estate), Arnold Bloch Leibler (KordaMentha, receivers and managers of Record Funds Management Ltd)
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Deal: Hong Kong-based RREEF acquires ASX Building at 20 Bridge Street, Sydney
Area: Property
Value: $185 million
Key players: The Mallesons team was led by partner and regional real estate sector leader Sue Kench, with senior associate Mark Bayliss. ABL partner Jonathan Caplan was assisted by senior associate Lisa Lane, with lawyers Kylie Mathison and Liam Thomson.
Deal significance: "This transaction continues the strong flow of high profile cross-border investments into the Australian real estate sector by foreign investment managers," said Kench.
RREEF, the real estate investment business of Deutsche Asset Management, acquired the property in late December 2011. The acquisition was made by RREEF on behalf of an Asian institutional client.
