Futuro consolidates Bourke Street tower in separate deals
Futuro consolidates Bourke Street tower in separate deals Share Sydney-based Futuro Capital has acquired the historic Tivoli Arcade, shops and car park on Bourke Street in Melbourne from their long-time owner, the Venton International, in a $73 million deal. The acquisition gives Futuro control over the entire building at 235-251 Bourke Street, after last year striking an agreement to buy a 14-storey section of the tower from RMIT University for $133 million. The Sydney platform was backed by investment partners Baring Private Equity Asia and Singapore-listed SLB Developments. The acquisition...
Source: afr.com