Global law firm DLA Piper has advised Investa Commercial Property Fund on the acquisition of a 75 per cent interest in Sydney's landmark 420 George Street, to the value of AU$450 million.

The 31-level commercial property comprises over 37,000sqm of premium office space in the heart of Sydney's CBD, and this transaction represents one of Sydney's largest office tower purchases.

Real Estate partner Astrid Beemster led the DLA Piper team which included Real Estate lawyers Rebecca Tan and Marco Ottaviano, Finance specialist Peter Faludi, Corporate partner Peter Charteris, Corporate lawyer Costa Valtas, Tax partners Jock McCormack and Matthew Cridland, Tax senior associate Melissa Lim, and Insurance senior associate James Morse.

Astrid Beemster said: "This is a landmark real estate transaction for the Sydney market and we are delighted to have advised Investa Commercial Property Fund. Our integrated team comprising Real Estate, Tax, Corporate, Finance and Insurance lawyers delivered a seamless outcome for our client on this significant acquisition."