Offshore Developers Leasing Australian Offices

RECRUITMENT firms say foreign developers that have been snapping up Australian assets are actively in the office market for lease.

Groups looking to establish or expand Australian operations include Asian broker and fund manager CLSA, global sovereign funds such as the Canada Pension Plan Investment Board, Government of Singapore Corporation and South Korea’s Investment Corporation.

LaSalle Investment Management and the US-based pramerica Real Estate Investors are also looking for space, according to the AFR.

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