As institutional funds renew their interest in the recovering office market, investment manager Centuria Capital has snapped up a half interest in Sydney’s World Square office block in a $454 million deal that has won the backing of Japanese investors.
The stake was bought from Canadian giant Brookfield and Centuria, an ASX-listed fund manager, said it had bought the office buildings at 680 George and 50 Goulburn streets at 60 per cent their estimated replacement value.
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