Macquarie Asset Management acquires 60 Carrington Street on behalf of GLL Australien Fonds

Macquarie Asset Management, on behalf of GLL Australien Fonds, has acquired a 50.1% equity interest in 60 Carrington Street, Sydney for approximately $A140 million (€87 million).

The approximately 14,600m² prime office building is located within the redeveloped and revitalised Wynyard precinct in Sydney’s central business district. Close to key transport connections, the 16-storey property occupies a prominent corner position overlooking Wynyard Park.

Florian Winkle, Co-Head of Macquarie Asset Management’s Real Estate team in Europe, said: “We are delighted to have secured this iconic building in the heart of Sydney on behalf of our German institutional clients. Situated near a growing transport hub in the city centre, 60 Carrington Street is a high-quality property and a welcome addition to our Australian office portfolio.”

The recently refurbished building is currently 100 per cent leased to high-grade tenants and benefits strong sustainability performance, which has been recognised with 5-star Energy and 4-star Water ratings under the National Australian Built Environment Rating System (NABERS).

GLL Australien Fonds is managed by Macquarie Asset Management and its partner Marprop Real Estate Investors on behalf of German institutional clients. GLL Australien Fonds has five office investments across Sydney, Melbourne, and Canberra, representing approximately $A450 million (€290 million) in assets under management.