The manager of CapitaLand Integrated Commercial Trust (CICT), on Dec 3, says it has acquired two Grade A office buildings in Sydney, Australia for a purchase consideration of A$330.7 million ($330.7 million).

The trust had entered into a unit sale agreement with CLA Real Estate Holdings Pte. Ltd. to acquire the units in two trusts that hold 66 Goulburn Street and 100 Arthur Street, two Grade A office buildings in Sydney’s central business districts (CBD).

The acquisitions mark CICT’s first inroad into Australia, its second overseas developed market after Germany.

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