The acquisitions mark CICT’s first inroad into Australia, its second overseas developed market after Germany.
The manager of CapitaLand Integrated Commercial Trust (CICT), on Dec 3, says it has acquired two Grade A office buildings in Sydney, Australia for a purchase consideration of A$330.7 million ($330.7 million).
The trust had entered into a unit sale agreement with CLA Real Estate Holdings Pte. Ltd. to acquire the units in two trusts that hold 66 Goulburn Street and 100 Arthur Street, two Grade A office buildings in Sydney’s central business districts (CBD).
