Centuria’s $224 Million Acquisition of Footscray Office Tower

HWL Ebsworth has advised CenturiaOffice REIT on the acquisition.

Investment house Centuria Capital has acquired a $224 million office building in central Melbourne for a new single-asset fund.

The 14-level commercial building in Footscray is the basis for Centuria’s Government Income Property Fund, a fixed-term, single-asset fund. 

The 20,200sq m building was built in 2014 and includes nine levels of office accommodation and four levels of secure parking, and has strong sustainability credentials, including 5.5-Star NABERS energy and water ratings.

Centuria Capital Group is an Australasian funds manager of real estate and investment bonds. 

The HWL Ebsworth team was led by Rupert Lugo (Picture, Senior Associate) with support from Adele Carrubba (Solicitor), Mathew de Gouveia (Associate), Eleanor Athanasiou (Associate) and Jared Hosking (Solicitor). 

 

Involved fees earner: Eleanor Athanasiou – HWL Ebsworth; Adele Carrubba – HWL Ebsworth; Mathew de Gouveia – HWL Ebsworth; Jared Hosking – HWL Ebsworth; Rupert Lugo – HWL Ebsworth;

Law Firms: HWL Ebsworth;

Clients: Centuria Office REIT ;

Author: Sonia Carcano