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Abacus buys North Sydney tower as precinct takes off

Ingrid Fuary-Wagner

ASX-listed Abacus Property Group bought the last asset for sale in the former Investa Office Fund portfolio, snapping up an A-grade office tower in North Sydney from Canada's Oxford Properties for $313 million.

Oxford began offloading 12 large office assets across the country earlier this year after it acquired the Investa Office Fund for $3.4 billion in 2018. The latest sale marks the completion of the process, with $3.2 billion worth of properties sold in just nine months.

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Ingrid Fuary-Wagner was The Australian Financial Review’s explainer editor.

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    Original URL: https://www.afr.com/property/commercial/abacus-buys-north-sydney-tower-as-precinct-takes-off-20191122-p53d51