Business
Conviction the key to Investa’s $800m Martin Place deal – The Australian Financial Review
Fund manager Investa, partnered by Canada’s Manulife, will buy out Macquarie’s landmark Martin Place development after an earlier deal was scuttled in the early…
Nevertheless, the pandemic has left its traces on the transaction, taking a lick from the deal price to reflect the fact that leasing risk for the tower sits with its new owners. It will be up to Investa and its Canadian partner to fill the tower.
We think Sydney really reaffirms its position as an Asia-Pacific powerhouse city, a global gateway city.
Peter Menegazzo, Investa chief investment officer
“No doubt, this is
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