PGIM Real Estate’s 75% Stake In York & George Project

A 75% interest in the yet to be completed York and George development in the Sydney CBD has been sold for approximately $200 million. 

The vendor and remaining 25% stakeholder is Terra Australis Property Fund, an unlisted private equity fund managed by Fife Capital Management. Fife is an independent asset manager which invests on behalf of institutions, retirement funds and private sources. The Fife family’s background in real estate began in 1963 when they opened their first integrated…