Singapore-listed AIMS AMP Capital Industrial Reit makes first Australian property purchase

AIMS AMP Capital Industrial REIT is buying a 49 per cent stake in Optus Centre in Sydney.

The price tag is around A$184,425,000 or approximately S$215 million.

Optus Centre is a secure A Grade business park office complex which comprises six buildings with a total lettable area of 84,194 sq m. The property has access to Epping Road and is within minutes of the Macquarie Shopping Centre and Macquarie University. It is located approximately 15 km to the northwest of the Sydney central business district (CBD).

The centre was completed in 2007 and is fully let to Optus Administration.

The purchase will mark the reit's entry into a favourable Sydney non-CBD business park market.