Local fund manager Investa has teamed up with US investor BGO to buy up a $715 million portfolio of office buildings in Sydney and Brisbane from ASX-listed Dexus, in the latest example of how both domestic and international investment houses have begun buying into Australia’s office market recovery.
BGO is a Miami-based property investor, now under the control of Canadian financial services giant Sun Life. It has about $143 billion in funds under management.
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