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Transactions - JANUARY 15, 2020

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German investor acquires Brisbane office tower

by Andrea Zander

Germany-based Deka Immobilien has acquired the office located at 66 Eagle Street in Brisbane, Australia, for A$370 million ($256 million).

The sellers of the 30-story, 32,000-square-meter (344,000-square-foot) tower are Lendlease’s Prime Property Fund Commercial and the Abu Dhabi Investment Authority (ADIA), which each owned a 50 percent share.

The Abu Dhabi Investment Authority made the first move to sell in June, with Lendlease foregoing its pre-emptive right to acquire the remaining 50 percent stake, reported media outlets.

 

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