CSC to acquire a 25% stake in Grosvenor Place from Blackstone for $430m.

CSC, a superannuation provider that offers fund management, agreed to acquire a 25% stake in Grosvenor Place from Blackstone, an investment management and advisory company, for $430m. “The decision to expand our ownership of Grosvenor Place reflects our views on the quality, location and potential of the asset; our demonstrated capacity to leverage potential in our direct investments via pro-active management; and our assessment of the entry opportunity afforded by Sydney CBD office market dynamics,” Alison Tarditi, CSC Chief Investment Officer.