CapitaLand sells two Sydney offices for $233m

CapitaLand Integrated Commercial Trust (CICT), managed by CapitaLand Integrated Commercial Trust Management Limited (CICTML), has entered into a unit-sale agreement with CLA Real Estate Holdings Pte. Ltd. (CLA) to acquire the units in two trusts that hold 66 Goulburn Street and 100 Arthur Street, two class-A office buildings in the central business districts (CBD) of Sydney.  This marks CICT’s first inroad into Australia, its second overseas developed market after Germany.

The estimated aggregate-purchase consideration is A$330.7 million ($233 million).

The acquisition is expected to be completed in first quarter 2022.

Located in Sydney CBD, 66 Goulburn Street (photographed above) is a 24-story class-A office building with ancillary retail space, and a basement car park. The building’s energy-saving features include double-glazed windows and an intelligent lighting control system.  With a central-lift core, the building offers efficient and colum