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Investa's $800m vote of confidence in Sydney CBD

Nick Lenaghan
Nick LenaghanProperty editor

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Property fund manager Investa, partnered by Canadian financial services group Manulife, has struck an $800 million vote of confidence in the Sydney CBD, with a deal to acquire a landmark tower Macquarie is developing on Martin Place.

The emerging 28-storey tower has become a bellwether for the office market and its prospects in the wake of the pandemic.

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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. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com

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    Original URL: https://www.afr.com/property/commercial/conviction-the-key-to-investa-s-800m-martin-place-deal-20210121-p56vtu