CIMB-TCA buys Melbourne office block
CIMB Trust-Capital Advisors (CIMB-TCA), which administers private equity real estate investments for Malaysian lender CIMB, has bought a 16-storey office accommodation block in Australia for RM845 million, the firm said in a statement on Tuesday.
CIMB-TCA said it bought the building - 3 Collins Square, which is located in Melbourne, from the Walker Corporation. The building was completed in April 2012 and is on a long-term lease to the Australian government.
The building is CIMB TCA’s fifth Australian property acquisition since entering the market in 2011. The latest acquisition raises CIMB-TCA’s total Australian asset value to RM2.4 billion.-- Reuters