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Ascendas-Singbridge acquires Grade-A commercial building in Sydney for $270 mil

/ EdgeProp |

November 17, 2017 5:12 PM SGT

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Ascendas-Singbridge has completed the acquisition of 66 Goulburn Street in Sydney, the group announced on Nov 17. The group entered into a Contract of Sale with GDI Property Group to acquire the site for A$252 million ($270 million).

This brings the group’s Total Assets Under Management in Australia to about $2.7 billion. Ascendas-Singbridge now has an office portfolio comprising about 325,000 sq m of office assets, with an additional 75,000 sq m under development in Singapore, Seoul, Shanghai, and Sydney.

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