A consortium of Japanese corporate investors has acquired an interest in Sydney's World Square office complex in a transaction valued at $454 million.
Kara Capital advised the buyers on the deal, which marks a significant entry into the Australian commercial property market by Japanese capital.
The firm noted the successful completion of the advisory role in a statement released on July 3.
The acquisition highlights the ongoing interest from Japanese institutional and corporate investors in high-quality Australian real estate assets.
World Square is a prominent mixed-use development in Sydney's CBD, and the sale underscores the resilience of prime office locations despite broader market headwinds.
Kara Capital, a leading Asian real estate investment bank, facilitated the transaction, connecting the Japanese consortium with the opportunity.
The firm noted the successful completion of the advisory role in a statement released on July 3.