Investa welcomes UOL Group Limited (‘UOL’) and its subsidiary, Singapore Land Group Limited (‘SingLand’), to 388 George Street, Sydney.
Acquiring Brookfield’s 50 per cent interest in the asset, UOL/SingLand will co-own the building alongside the Investa Gateway Offices Fund (IGO). Investa is excited to collaborate in this partnership and manage the asset, leveraging its fully integrated platform to drive investment performance.
Commenting on the acquisition, Peter Menegazzo, Chief Executive Officer, Investa said: “We are excited to welcome UOL/SingLand to 388 George Street alongside our IGO partners, Oxford Properties Group (‘Oxford’) and Link Asset Management (‘Link’).
“UOL/SingLand have a reputation for investing globally in well-located, high-quality assets and it is therefore a testament to the calibre of 388 George Street that UOL/SingLand have made their first Sydney CBD investment in this asset.
“It is an absolute privilege to partner with them, and we look forward to exploring further opportunities in the Australian market.”
388 George Street is a high-quality, A-Grade building, on the corner of George and King Streets surrounded by luxury retail. Completely refurbished in 2020, the building is fully leased to a variety of high-quality tenants.
