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Freehills advises Aviva Investors on hot property
Freehills advises Aviva Investors on hot property in Sydney and Melbourne.
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Firms: Freehils (Aviva Investors)
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Deal: Aviva Investors acquired the Olderfleet Buildings at 477 Collins Street for $67 million from a fund managed by Australian Unity. In Sydney, Aviva Investors acquired three units within the heritage listed Woolloomooloo Wharf for $16.3 million, which houses some of the city’s most established restaurants, namely Kingsleys and Otto Ristorante
Area: Property
Value: $67 million and $16.3 million
Key players: The Freehills property team was led by partner Michael Back and supported by senior associate Julie Jankowski and solicitors Paul Klug and Ben Hutchinson
Deal significance: Aviva Investors is the asset management arm of the global insurance company. “These transactions are evidence of Aviva Investors’ continued interest in the Australian property market and, in particular, show an appetite for high yielding retail assets,” said Back.
