In New Zealand, German pension fund giant Deka Immobilien Investment also picked up the Lumley Centre from Dexus in a deal valuing the prize Auckland property at about $NZ146m ($133m).
The Australian group said yesterday that it had exchanged contracts to sell Lumley Centre at a 14. 5 per cent premium, completing it’s exit from offshore markets.
The buyer is expected to convert the tower, co-owned by Dexus and Perron Group, into a $1 billion apartment project.
Read more here: Business Spectator