Media ReleasesInvesta Office Fund

View All Investa Office Fund News


Investa Office Fund announces Sale of 628 Bourke St at premium to book value

Investa Office Fund (IOF) announces today that it has entered into an agreement to sell 628 Bourke Street, Melbourne, for $129.6 million, subject to settlement adjustments including incentives. The sale is accretive to NTA and will reflect a 12% premium to forecast book value.
 
The transaction delivers on Investa's commitment to improving risk adjusted returns across the portfolio and follows an intense period of asset management that included leasing over 18,000sqm, increasing the weighted average lease expiry from 2.3 years to 6.8 years. The reported cap rate is 7.25%.
 
 
For further information please download PDF attached:
Download this document

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.