Singapore-listed ARA Asset Management has partnered with Canadian group QuadReal Property to acquire an East Melbourne commercial development for $330 million.
The deal is the latest in a string of fund-through arrangements in recent years as the commercial office market supply tightens.
The East Melbourne site, located at 200 Victoria Parade, was assembled and listed by Melbourne-based developer Time & Place alongside joint venture partner Golden Age Group.
Click HERE to read to full article published by The Urban Developer on 24 February 2020.
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