AFIAA, the Swiss foundation for international real estate investments, has acquired an office and commercial property in Australia from Brookfield.
AFIAA, which offers Swiss pension funds access to direct and indirect investments in international real estate, said it has invested an undisclosed sum to buy 36 Carrington Street, a 2,874sqm property in Sydney.
The asset is being acquired for the AFIAA Global investment group, a real estate portfolio with a global focus comprising properties in Europe, North America and Australia.
AFIAA said the latest deal is the foundation’s second investment in Sydney and its fifth venture in Australia.
Sebastian Feix, AFIAA’s global head of transactions, said: “Located in the Core CBD bracket, the modern ESG-compliant building perfectly complements U60, our second property in Sydney.
“While the latter tends to be dominated by larger rental units, the floor plans of the 36 Carrington Street property also accommodate smaller-scale leases, making it attractive for tenants from a variety of industries.”
Ingo Bofinger, AFIAA’s managing director, said: “This new acquisition in Australia demonstrates our commitment to the country as an attractive location for real estate investments, especially thanks to its demographic development and own market drivers.”
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