AFIAA buys office building in Sydney
The property at 36 Carrington Street, with 2,874 sq. ft. of usable space, is AFIAA's second acquisition in Sydney and fifth in Australia.
The transaction took the form of a share deal, with AFIAA acquiring all the shares in the property company. The seller was Brookfield. The building was completed in 2020 and is located in the middle of Sydney's central business district. The house is intended for the AFIAA Global investment group, a globally focused real estate portfolio with properties in Europe, North America and Australia.
"The modern, ESG-compliant building's location in the Core CBD makes it an ideal complement to our second property in Sydney. While larger rental units tend to dominate there, the building's floor plans also allow for smaller-scale leasing and are attractive to tenants from a variety of sectors," says Sebastian Feix, Global Head of Transactions at AFIAA.
AFIAA was advised commercially by Shorebeam, legally by Mills Oakley and technically by Napier & Blakeley. PwC performed the financial and tax audit. (aw)
