Weekly Transaction Update - 31st Dec

For Week ending 31st Dec 2016

This week recorded 12 significant transactions across the market with almost $1.2B of deals changing hands over the Christmas / New year period.

The largest deal announced this week is the acquisition of 33 Alfred Street, Sydney by AMP (balance sheet) to AMP Capital's flagship property funds (AWOF and ADPF) for $430M. This transaction paves the way for the redevelopment of the adjoining 50 Bridge Street as it unlocks a range of site constraints and more importantly includes a pre-commitment by AMP to space in the new 50 Bridge Street. The related party issues in this deal were significant - so well done to all involved.

Two other significant transactions were also completed over this period including ADIA' sale of the 15 asset IBIS Hotel portfolio to Accord for $200M and the sale of the Ballieau family farm near Berwick for $175M to Stockland.

Scoll through the list below or head to the Australian Property Transaction Data Map for further details.

This Weeks deals

Capital Management Australia

PO Box R1254

SYDNEY   NSW   1225

Tel: +61 412 173 476

Email: warwick@cmaust.com

ABN: 32 610 910 819

AFSL: 493605

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