Ashurst has advised CIMB-TrustCapital Advisors on the financing
aspects of its acquisition of 50 Marcus Clarke Street in
Canberra. The 12-storey Premium Grade asset in the heart of
Canberra's CBD was acquired from Walker Corporation for
approximately A$226 million. It is leased to the Federal
Government Department of Education, Employment and Workplace
Relations. It is said to be one of the largest, newest and
best-built assets in Canberra.
CIMB-TrustCapital Advisors has been very active in the Australian
commercial property market since its first acquisition in early
2011. Ashurst also advised CIMB-TrustCapital Advisors on the
financing aspects of its acquisition of 850 Collins Street,
Melbourne, in late 2011.
The Ashurst team was led by Banking and Finance partner Jamie Ng along with senior
associate Ken Nguyen.