AMP Capital, Sunsuper and Mirvac acquired the Australian Technology Park (ATP), Sydney from UrbanGrowth NSW Development Corporation.
As part of the ATP renewal project, AMP Capital Wholesale Office Fund (AWOF), AMP Capital separate account client Sunsuper as well as Mirvac Property Trust will co-invest one-third interest each to fund the estimated $1 billion development of approximately 93,000 square metres of office net lettable area to be leased to the Commonwealth Bank for a term of 15 years. Mirvac will be the developer of the Commonwealth Bank development at ATP, with development commencing in 2016 and the office buildings due for completion from 2019.
location_on Locomotive St, Eveleigh NSW 2015
Separate Account Client
|Net Lettable Area (NLA)||Approximately 93,000 sqm|
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