PGIM and Anton to form a joint venture in a AUD$250m deal.

PGIM, the real estate investment and financing arm of Prudential, and Anton, an Australian real estate investment and asset management firm, agreed to form a joint venture to acquire the prime office building 20 Bridge Street in Sydney’s central business district in a AUD$250m deal. "The office sector in Australia has been more resilient than most global office markets, but we see a similar trend in terms of the flight to quality. The asset’s strong location, coupled with the significant repositioning plan, allows for us to represent a high-quality asset back to the market but at competitive rents compared to the nearby premium towers," Steve Bulloch, PGIM ‎Managing Director, Head of Australia.