AEW announces acquisition of three assets in Australia and Japan

AEW Capital Management has acquired Macquarie Innovation Centre for AUD 144 million ($113 million) and a portfolio of two multifamily assets in Japan for JPY 5 billion ($46 million).

Macquarie Innovation Centre is a 12-story newly completed class A office building located in Macquarie Park, strategically located northwest of Sydney.

It is positioned in a prominent location with direct access to transport infrastructure, amenities and services with the adjacent Macquarie Shopping Centre, one of the largest regional malls in Australia. The property is approximately 158,000 square feet and is a long-hold, income-focused asset leased to a diverse tenant base with a 100 percent income occupancy rate.

“Macquarie Park is the home of global pharmaceuticals, technology, electronics and telecommunications companies and Macquarie Innovation Center benefits from the resiliency of this tenant base. Additionally, the asset has been awarded a 5-star Green Star design rating