Herbert Smith Freehills advises HThree
Herbert Smith Freehills advises HThree
HThree City Australia Pte. Ltd., a Singaporean investment firm, paid A$236 million to buy 330 Collins Street, an A-rated office building in Melbourne, from an AMP Capital separate account. Herbert Smith Freehills (HSF) provided advice on the deal.
With nearly 18,000 sqm of Net Lettable Area, including office space, retail space, and parking, 330 Collins Street is an 18-story commercial tower with a committed occupancy of over 90percent. The building has both a 5-star NABERS water certification and a 4.5-Star NABERS energy rating.
After purchasing 446 Collins Street in 2021, the sale, which was finalized in only nine weeks, represents HThree's second acquisition in Australia.
Leading the HSF team was David Sinn, Managing Partner, Real Estate (Asia and Australia), with assistance from senior associate Julia Orbach and attorney Tom O'Sullivan.
"Congratulations to HThree on securing the landmark Melbourne building at 330 Collins Street," expresses David Sinn. "We were extremely grateful for the chance to collaborate with the HThree team and contribute our Australian real estate team's knowledge and experience to the transaction."
"We are happy to buy 330 Collins Street, an iconic asset on a superb Collins Street corner," HThree CEO Kevin Kang stated. "We think that Melbourne's Central Business District will continue to recover strongly and 330 Collins Street is well positioned to profit from the rising demand for convenient, high-quality office space."
