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