[THE INVESTOR] NH Investment & Securities said on July 8 that it bought the Australian Red Cross’ office building in Sydney for some 100 billion won (US$ 86.3 million).
The South Korean securities firm raised real estate funds with FG Asset Management to acquire the 12,700-square-meter building in Kent Street, Sydney.
Built in 2011, the five-story building is on a 15-year lease contract with the Red Cross.
(
theinvestor@heraldcorp.com)