Publications

Transactions

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

South Korean investors buy Australian office building

by Andrea Waitrovich

Sydney-based Challenger, on behalf of Seoul-based investors FG Asset Management and Korea Investment Holdings, has purchased the four-story Louisa Lawson Building in Canberra, Australia, for $171.1 million.

The Louisa Lawson Building was completed in 2013. The 260,640-square-foot commercial office development was purpose-built for the Department of Human Services, which is on a long-term, single-tenant lease. The building also included a parking lot with spaces for more than 500 vehicles.

Recently, Korea Investment Holdings entered a pending deal to acquire Cira Square, an 862,692-square-foot office property in Philadelphia’s University City area, for $354 million.

And FG Asset Management acquired several offices in Australia: ATO Albury inNew South Wales for $46.3 million and ATO 913 Whitehorse in Box Hi

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?