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TrustCapital puts Australian office assets up on sale

20 July 17 - Irene Theofanidou
TrustCapital puts Australian office assets up on sale

COMPANIES

Eurobank Property Services

Consultant - GREECE

GAIAOSE S.A.

Agency - GREECE

NAI Hellas

Consultant - GREECE

ΕΡΡΙΚΟΣ ΑΡΩΝΕΣ

Investment - GREECE

Zeus

Fund - GREECE

PEOPLE

Dimitris Andritsos

CEO of Eurobank Property Services S.A Eurobank Property Services
TrustCapital Advisors is looking to sell $700million (€483million) worth of Australian office assets.

 

The Singapore-based fund manager has hired CBRE and JLL to market the five buildings, which are held by two of its funds.

IPE Real Estate understands that three of the properties – 150 Chartlotte Street in Brisbane, and 469 La Trobe Street and 850 Collins Street in Melbourne – are held by CIMB TrustCapital Australian Office Fund No 1.

The two other assets are 50 Pitt Street in Sydney and 575 Bourke Street in Melbourne.

TrustCapital is now the sole manager of the funds after CIMB left the joint venture. Last year, Malaysia’s Employees Provident Fund (EPF) bought CIMB’s stakes in the two funds.

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