Singapore's AIMS purchases half of Sydney's Optus Center
By VCPOST Staff Reporter
Nov 24, 2013 10:04 PM EST
Regions
The Optus Centre Project in Macquarie Park involves six commercial office buildings linked together with four core blocks and access bridges, built above two large basement car park levels. The six buildings are similar in shape and size with four of the buildings having the same footprint being five levels high above ground and the other two buildings being each four levels above ground.
The largest single tenant campus-style workplace in Australia, the total Gross Floor Area of 159,400m2 includes 84,000m2 Net Lettable Area and 61,200m2 basement car parking (over 2000 spaces). The office building structures comprise post-tensioned slab and band beams forming a concrete sway-framed structures with reinforced concrete columns. The façade is typically a fully glazed aluminium framed floor-to-floor system with the slab structure carried through to facilitate cleaning and enhance sun-shading. (Photo : STOCKLAND DEVELOPMENTS)
The largest single tenant campus-style workplace in Australia, the total Gross Floor Area of 159,400m2 includes 84,000m2 Net Lettable Area and 61,200m2 basement car parking (over 2000 spaces). The office building structures comprise post-tensioned slab and band beams forming a concrete sway-framed structures with reinforced concrete columns. The façade is typically a fully glazed aluminium framed floor-to-floor system with the slab structure carried through to facilitate cleaning and enhance sun-shading. (Photo : STOCKLAND DEVELOPMENTS)
Singapore-listed property group AIMS AMP Capital Industrial REIT bought a 49% stake in Optus Centre at Sydney's Macquari Park for more than USD184 million.
The Optus Centre purchase plan will be funded by a Stockland managed fund, Stockland Direct Office Trust No 2. The AIMS AMP fund is jointly run by AIMS Financial Group and financial services firm AMP Capital. The fund said the weakening of the Australian dollar and drop in interest rates were potential drivers for its move into the Australian market mid-year, the report said.
Because of the size, asset complexity, and ownership structure of Optus Center, the stake purchase has become one of the landmark deals for the latter part of 2013, the report stated.
The Opus Center is a prime office park and the biggest single-tenant workplace in Australia. The property is comprised of six low-rise office buildings. The total floor area of Optus is 84,194 square meter. The said property has a parking area that can hold 2,100 cars, the report stated.
Stockland has yet to comment on the said stake purchase, The Australian reported.
© 2024 VCPOST.com All rights reserved. Do not reproduce without permission.