SC Capital Partners’ AU$105.3 Million Acquisition of Office Building in Parramatta

Squire Patton Boggs advised SCORE+ on the acquisition. Makinson d’Apice acted for Centuria and Corrs Chambers Westgarth represented UOB. 

SC Capital Partners (through its SC Core – SCORE+ Fund) executed the acquisition from Centuria of Two Wentworth Street, Parramatta for AU$105.3 million.

The successful acquisition of the A-grade office building is consistent with the SCORE+ Fund strategy to secure quality projects in strong growth locations. Parramatta, which benefits from continued strong government and private investment, represents one of the most attractive office markets in Australia with strong rental growth underpinned by low office vacancy. The asset is 100% leased with a strong government-based tenancy, and reflects a stable, income-producing asset with strong leasing covenants.

Squire Patton Boggs team was led by partner Rahul Parrab (Picture), supported by Greg de Mesquita, senior associate, and associates Kevin Lee and Shaista Azam. Finance partner Hai-Dang Nguyen and senior associate Jessica Lucich advised SCORE+ on the incoming financing provided by UOB.

Involved fees earner: Shaista Azam – Squire Patton Boggs; Greg de Mesquita – Squire Patton Boggs; Kevin Lee – Squire Patton Boggs; Jessica Lucich – Squire Patton Boggs; Hai-Dang Nguyen – Squire Patton Boggs; Rahul Parrab – Squire Patton Boggs;

Law Firms: Squire Patton Boggs;

Clients: SC Capital Partners;

Author: Michael Patrini