Ascendas-Singbridge acquires A-grade building in Sydney

The acquisition is worth $270m.

Ascendas-Singbridge Group (Ascendas-Singbridge) acquires A-Grade commercial building 66 Goulburn Street in Sydney for around $270m.

66 Goulburn Street has a net lettable area (NLA) of 22,890 sqm and 24 storeys, with a ground floor retail space and 53 basement parking spaces.

It is near major court buildings, such as Downing Centre Courts and Family Law Court, as well as retail and food and beverage stores.

Ascendas-Singbridge chief investment officer and head of real estate funds Jonathan Yap, said, “Since acquiring 100 Arthur Street in North Sydney last year, we have been actively sourcing for suitable opportunities to expand our office portfolio in Australia. This asset has a relatively long weighted average lease expiry profile and good covenant tenants."

The new acquisition adds to the 312,000 sqm. of office assets and an additional 75,000 sqm. under development in Sydney, Singapore, Seoul and Shanghai.

The acquisition also increases the company's assets to approximately $2.6b.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia