Frasers Property Ltd. completed the acquisition of a 94% stake in AI Gewerbepark Tamm GmbH, marking the closing of a €285.2 million deal signed in February for a portfolio of properties in Germany and Austria.
The first phase of the acquisition closed in July, involving the 100% stake in Alpha Industrial GmbH & Co. KG and half of the 22 assets included in the agreement.
AI Gewerbepark Tamm GmbH’s investment property is located in the German municipality of Tamm and covers 39,220 square meters of gross leaseable area, according to a release.
Software company Atlassian Pty. Ltd.’s co-founder, Mike Cannon-Brookes, and his wife purchased the Fairwater mansion along Sydney Harbour for A$100 million, making it the most expensive deal for a home in Australia, The Australian reported.
The property in Sydney’s Point Piper suburb was previously owned by the late Australian-Polish businesswoman Mary Fairfax. The mansion is the largest privately owned harborside property in Sydney, spanning 11,210 square meters.
Christie’s International Real Estate managed the sale, the Sept. 28 report added.
Ascendas-Singbridge Pte. Ltd. signed a conditional deal to buy the Geo-Tele Centre in Singapore from the manager of Sabana Shari’ah Compliant Industrial REIT for S$99.6 million in cash, The (Singapore) Business Times reported.
The industrial asset …