MGPA in $111m Australia office building deal
MGPA, a private equity real estate investment firm, has paid A$105.67 million ($111 million) for a Grade A office building located at Perth. This is the first investment made from MGPA’s EUR500 million ($639 million) Asia property fund, a vehicle structured to target German investors.
The property - namely Optima Centre - has a total net rentable area of 16,116 square meters over two buildings and includes 500 car spaces. The buildings were completed in 2009 and 2010 and are currently...
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