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Dexus, CPPIB selling ANZ House in South Australia for A$200M

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Dexus, CPPIB selling ANZ House in South Australia for A$200M

Partners Dexus and Canada Pension Plan Investment Board are selling the ANZ House tower in Adelaide, Australia, with a A$200 million asking price, The Australian reported.

The property at 11 Waymount St. features 20 levels of office space, a ground floor dedicated to retail and an outdoor dining area and upper plaza space.

Dexus and CPPIB gained ownership of the property as part of the pair's 2014 takeover of the Commonwealth Property Office Fund. The asset was transferred to the duo for A$183 million, according to the publication.

ANZ House's tenants include Australia & New Zealand Banking Group Ltd., Deloitte, Woods Bagot, the Australian Bureau of Statistics and the South Australian government, the Oct. 16 report added.

The sale of the property, being brokered by JLL and Colliers International, is considered to be the largest on-market offering in Adelaide for 2017.