Charter Hall to acquire Southern Cross Tower in Melbourne from GIC for $2.1bn.

Synopsis

Charter Hall, a property development and funds management company, agreed to acquire Southern Cross Tower in Melbourne, a two-tower Southern Cross complex in the Melbourne CBD, from GIC, a sovereign wealth fund, for $2.1bn.

Principals

target

Southern Cross Tower In Melbourne

bidder

Charter Hall

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Market Context

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Bidder Team (1)

david harrison

CEO at CHARTER HALL

Manager

bidder

Deals

£ 4.04 B

Total Value

Vendor Team (1)

lim chow kiat

CEO at GIC PRIVATE LIMITED

Investor

vendor

181

Deals

£ 236.94 B

Total Value

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