M&G Real Estate has acquired 49.9 percent interest in a prime landmark office building in Sydney’s central business and cultural precinct. The acquisition, priced at $577.3 million ($421 million), has been agreed on behalf of M&G’s core Asia Pacific property portfolio managed by Richard van den Berg. The acquisition was supported with a A$259.8 million ($189.6 million) green loan from OCBC Bank in Sydney, the sole lender and green adviser for the transaction.
Developed and co-owned by Australian property group Mirvac and located in the heart of Sydney’s central business district, 200 George St. is a multi-award winning, landmark building built in 2016. Designed with cutting-edge technology and innovation, it is one of Australia’s most sustainable buildings and was awarded a 5.5-Star NABERS Energy rating, a 5.5-Star NABERS Water rating, Tenancy Gold Well, and a 6-Star Green Star rating. It is equipped with energy-efficient technology including LED lights and an
