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Savills makes a $150m move on Mascot tower

Nick LenaghanProperty editor

May 12, 2021 – 12.00am

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Savills Investment Management has acquired a Mascot tower, in Sydney’s south, in a $151.5 million deal with Fort Street Real Estate Capital as it steps up its expansion plans in the local market.

It is the second significant deal in the past fortnight for the deep-pocketed global investor, after it partnered with Elanor Investors Group to take control of the Clifford Gardens shopping centre in Toowoomba for $145 million.

Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts.