Ashurst leads $226m sale of Canberra asset

Ashurst has advised CIMB-TrustCapital Advisors on the financing aspects of its purchase of 50 Marcus Clarke Street in Canberra.

The New Lawyer • 11 May 2012 • Big Law

Ashurst has advised CIMB-TrustCapital Advisors on the financing aspects of its purchase of 50 Marcus Clarke Street in Canberra.

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The 12-storey Premium Grade asset in the heart of Canberra's CBD was acquired from Walker Corporation for approximately A$226 million.

It is leased to the Federal Government Department of Education, Employment and Workplace Relations.

Ashurst says the building is said to be one of the largest, newest and best-built assets in Canberra.

CIMB-TrustCapital Advisors has been very active in the Australian commercial property market since its first acquisition in early 2011.

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Ashurst also advised CIMB-Trust Capital Advisors on the financing aspects of its acquisition of 850 Collins Street, Melbourne, in late 2011.

The Ashurst team was led by banking and finance partner Jamie Ng along with senior associate Ken Nguyen.

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