trending Market Intelligence /marketintelligence/en/news-insights/trending/JjuXqHWMTSl9zfBGFKYAiA2 content esgSubNav
In This List

Lotus, iProsperity JV purchases Sydney commercial asset for A$115M


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)

Lotus, iProsperity JV purchases Sydney commercial asset for A$115M

Chinese-backed company iProsperity Group and Australian investor Lotus Group partnered to purchase the Chatswood Central property in Sydney for A$115 million, The Australian Financial Review reported.

The 96% leased property stands on a 3,806-square-meter land plot and has a total gross floor area 18,247 square meters spread across two commercial buildings, according to the publication.

Lotus has a luxury apartment project in the works on Premier Street in Sydney's Neutral Bay. It has also developed residential properties in Croydon, inner west Sydney.

Meanwhile, iProsperity teamed up with Toga Group and Far East Organization in May to acquire two buildings in Sydney for a combined amount of A$258 million.

As of June 5, US$1 was equivalent to A$1.34.