Singapore’s Ascendas-Singbridge has completed its acquisition of an A-grade commercial building at 66 Goulburn Street in Sydney CBD, for AUD252m (€161m).

The vendor is the listed GDI Property Group.

Ascendas-Singbridge said it has now built up a pan-Asian office portfolio, comprising 325,000sqm of office assets with an additional 75,000sqm under development across the key gateway cities of Sydney, Singapore, Seoul and Shanghai.

The purchase expands Ascendas-Singbridge’s total assets under management in Australia to about SGD2.7bn (€1.69bn).