Barings has acquired a 100 percent leasehold interest in Darling Square, 35 Tumbalong Boulevard, Sydney, for a gross purchase price of A$360 million ($236 million).
This transaction, undertaken via Barings’ fifth Real Estate Australia Value Add Fund (BRAVA V), marks a significant addition to Barings’ Australian portfolio and underscores its commitment to investing in premium-grade, ESG-certified office assets.
Darling Square is a multi-award-winning, premium-grade office building, developed by Lend Lease, offering 27,750 square meters (298,700 square feet) of net lettable area across 13 levels, including expansive office floorplates, retail tenancies and 451 secure car parking spaces. The property boasts market-leading sustainability credentials, including a 5.5-star NABERS Energy rating, 6-star Green Star Design & As Built, WELL Platinum certification and Climate Active Carbon Neutral Certification.
Shaun Hannah, executive director, investment managemen
