Arcadia Buys 50% Share In World Square

In a very strategic purchase, Arcadia has bought a 50% interest in 52 Goulburn Street, Sydney for $176 million. 

Arcadia was established in 2002 by Stephen Newton and Hamish Flett and is one of Australia’s leading boutique institutional real estate investment managers; it focuses exclusively on institutional capital. 

The acquisition adds to Arcadia’s already held half share stakes in 680 George Street and in the World Square shopping centre and car park. Mr Flett has reportedly said…