Link Asset Management (Link), the manager of Link REIT announced on Feb 10 that Link Asset Management has agreed to enter into a joint venture with Oxford Properties Group (Oxford) in the Investa Gateway Office (IGO) venture, which consists of a prime office portfolio in Australia worth over A$2.3 billion. Link will own a 49.9% interest while Oxford will own a 50.1% interest.
Link will sit alongside Oxford as a keystone investor in IGO.
Located in core locations of the global gateway cities of Sydney and Melbourne, IGO comprises five income-producing, prime grade office assets with focus in sustainability - 126 Phillip Street, 388 George Street, 151 Clarence Street and 347 Kent Street all in Sydney and 567 Collins Street, Melbourne. IGO has been and will continue to be managed by Investa, a proven, end-to-end real estate investment manager and office sector specialist in Australia.