A Singaporean investment house has picked up a Sydney office tower, home to Central Queensland University, in a $111.58 million deal, the latest example of how the country’s higher education sector is fuelling real estate investment.
The buyer is Cambridge JMD Investment Management, a subsidiary of Singapore’s Cambridge RE Group, which will hold 400 Kent Street in an education real estate fund it has established.
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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
