Dexus and its unlisted Dexus Wholesale Property Fund (DWPF) have purchased the remaining 50 percent interest in the MLC Centre office tower in Sydney, Australia, for A$800 million ($566 million).
Dexus and DWPF each will own an additional 25 percent stake in the 67-story asset.
The office is Sydney’s fifth-tallest office and the 19th tallest in Australia. It comprises 66,900 square meters (720,106 square feet) of office space and 10,600 square meters (114,097 square feet) of retail space.
Dexus and DWPF purchased their initial interest in the MLC Centre in July 2017 for A$722 million ($512 million).
