Sydney’s 2 Chifley Square sees freehold sold
Massons has advised Chifley Freehold Limited on its sale of the freehold title of Sydney CBD’s Chifley Plaza & Tower.
Firm: Massons (Chifley Freehold Limited), Allens Linklaters (Charter Hall Prime Office Fund)
Deal: Massons has advised Chifley Freehold Limited on its sale of the freehold title of Sydney CBD’s Chifley Plaza & Tower.
Value: $98.5 million
Area: Real estate
Key players: Massons’ team was led by partner Jodie Masson, with support from senior associate Ben Malone and lawyer Rachael Bass.
Allens’ team was led by partner Alexandra Peace with senior associate Lucy Woodruff.
Deal significance: Chifley Plaza & Tower at 2 Chifley Square is one of Sydney’s most prestigious office buildings, according to Massons, which described it as arguably the best CBD site in Australia with its north-east views over Sydney Harbour.
The 6,438 square metre freehold site accommodates a 94.6-year leasehold for Chifley Tower.
The sale, settled last month from vendor Chifley Freehold Limited to Charter Hall Prime Office Fund, gives Charter Hall Prime Office Fund a 100 per cent interest in the freehold title.