Singapore's AIMS purchases half of Sydney's Optus Center
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.