Quintessential strengthens presence in Sydney office market

8 May 2013

News

Thomsons has advised Quintessential Equity Pty Ltd on its $12.7 million acquisition of a commercial office building at 166 Epping Road, Lane Cove, Sydney.

Partner Melinda Graham led this assignment, with support from the property team, completing the due diligence and acquisition within a short timeframe.

Quintessential Equity Pty Ltd acquired 166 Epping Road from asset management firm, BlackRock, on a passing yield of 13.46%. The property is substantially leased to two international corporate tenants, Covidien and Nielsen Television Audience Measurement.

As a Melbourne-based property developer and fund manager that strategically repositions commercial office buildings and developments, this acquisition represents a key achievement by Quintessential to strengthen its presence in the Sydney office market.