Makinson d’Apice has advised Centuria Capital as part of a Mirvac-led consortium, on its $104 million purchase of 3 additional buildings at the Australian Technology Park (ATP), Redfern. This takes out the balance of the site from the NSW Government.
This transaction follows Centuria’s circa $210 million acquisition of a 100% interest (under leasehold), in the Channel 7 headquarters, 8 Central Avenue at the Park. This concluded in July 2015, over two separate transactions and Makinson d’Apice also advised the ASX-listed funds manager. As part of the latest deal, Centuria, will also acquire the freehold interest for 8 Central Avenue.
The Makinson d’Apice team, led by Head of Property Chris Drayton, has advised Centuria throughout its various transactions at the ATP
“We are delighted to have worked alongside our long-standing client Centuria on their part in this deal at such a landmark address and at which they will play a pivotal role in the continued revitalisation of the precinct” says Makinson d’Apice’s Chris Drayton.