Herbert Smith Freehills has advised CIMB TrustCapital Advisors Singapore Pte Ltd (CIMB TrustCapital) on its recently completed AUD$279 million acquisition of 3 Collins Square, Docklands from Walker Corporation. The property is a 16 level A grade commercial office building in the Collis Square development in Docklands. The property is fully let to the Australian Tax Office.

Herbert Smith Freehills advised on the Australian corporate, funds and property aspects of the acquisition.

“It is a real privilege to help CIMB TrustCapital acquire this premium Melbourne asset,” said Herbert Smith Freehills’ Head of Real Estate David Sinn. “This deal reinforces the strength of the Australian office market and the ongoing foreign interest in quality Australian assets.”

Melbourne based Sinn led the Herbert Smith Freehills team, advising CIMB TrustCapital, along with Senior Associate Sebastian Renato.

CIMB TrustCapital is a joint venture real estate fund management company established in Singapore between CIMB Real Estate Sdn Bhd (CIMB RE) and TrustCapital Advisors Pte. Ltd. CIMB TrustCapital’s fund management business encompasses wholesale property funds, property syndicates, and real estate advisory services targeted primarily at the commercial office sectors in selected Australasian real estate markets. CIMB Trust Capital’s existing assets in Australia are, 469 La Trobe Street, Melbourne, 850 Collins Street, Docklands, 50 Marcus Clarke Street, Canberra and 150 Charlotte Street, Brisbane.