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Swiss Pension Fund Buys in Melbourne
A Swiss-based company has purchased an 8-storey office complex in Melbourne for $180 million.
QBE House at 628 Bourke Street, Melbourne has been sold for about $180 million. The property was sold by M&G Asia Property Fund, an unlisted real estate fund formed in 2007 and based in Singapore. The fund specialises in investing in Asia’s major real estate markets and is managed by UK based M&G Real Estate.
The purchaser was AFIAA, Swiss Foundation for International Real Estate Investments….
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