IIG 4N Central Park Trust
The IIG 4N Central Park Trust secured options to buy into the iconic project, Central Park, a $2 billion mixed-use master planned development, and a beacon of sustainability in urban renewal.
IIG as the Trustee has entered into Put and Call Options with joint venture developers Frasers Property Australia and Sekisui House Australia to acquire two of the final properties to be built in the Central Park precinct for approximately $190 million. The site, which is partially developed, has already redefined the southern edge of the Sydney CBD, and has become a landmark for its architecture and innovative sustainability features.
On completion, due for mid-2018, the Trust will acquire the six-level, 5,413sqm ‘100 Broadway’ commercial office property.