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Ascendas-Singbridge Group has completed its acquisition of 66 Goulburn Street in Sydney, Australia.
The property was acquired from GDI Property Group for A$252 million (S$258 million).
With a net lettable area of around 22,890 sq m, the iconic A-Grade commercial building boasts of a ground floor retail space, 24 office levels and 53 basement parking spaces.
“With 66 Goulburn Street and other recent acquisitions, Ascendas-Singbridge has successfully built up a pan-Asian office portfolio comprising approximately 325,000 sq m of office assets with an additional 75,000 sq m under development across key gateway cities of Sydney, Singapore, Seoul and Shanghai,” said the group in a release.
The acquisition brings Ascendas-Singbridge’s assets under management in Australia to around S$2.7 billion.
A view of 66 Goulburn Street (Photo: Knight Frank)
This article was edited by Keshia Faculin.
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