trending Market Intelligence /marketintelligence/en/news-insights/trending/eqJPhpjIx4d5A7LSWGO1uw2 content esgSubNav
In This List

Centuria Capital gears up for A$200M sale of Sydney tower


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Centuria Capital gears up for A$200M sale of Sydney tower

Centuria Capital Group is looking to reap more than A$200 million from the sale of an office tower located in a key financial precinct in Sydney's central business district, The Australian reported.

According to the June 7 report, Centuria's unlisted funds arm, which is marketing the property, is inviting bids for the 10 Spring St. building.

In relation to the sale, the publication floated Lendlease Corp. Ltd. as the most likely buyer to close on the property, reasoning that the tower will appeal to the developer because of its proximity to assets it already owns.

The Australian added that the buyer of the property would benefit from Sydney's draft planning policy that allows developments of up to 300 meters tall.

As of June 6, US$1 was equivalent to A$1.33.