New acquisitions for TIAA Henderson Real Estate

New acquisitions for TIAA Henderson Real EstateTIAA Henderson Real Estate will acquire a per cent interest in a premium-grade office building in North Sydney, which includes a connecting retail complex, for more than $300 million.In a deal negotiated by JLL & CBRE, TIAA Henderson Real Estate purchased a half share in the office tower and Greenwood Plaza on 101 Miller Street from Eureka Funds Management. The Mirvac Group retains ownership of the remaining per cent, but will continue to operate the asset.The international investment manager’s acquisition, on behalf of TIAA-CREF, includes 8777 sqm of Greenwood Plaza that is connected to the office tower.”The acquisition of a per cent interest in 101 Miller Street and Greenwood Plaza fits our strategy of owning dominant, well-located, well-leased office and retail properties, that cater to today’s occupier needs, in the world’s most attractive real estate markets,” said Nick Evans, executive director and head of the TIAA Henderson Real Estate business in Australia.The deal is TIAA Henderson’s second acquisition announcement in the past month, following news of its intention to acquire a 75 per cent interest in the regional shopping complex Mt Ommaney Centre in Brisbane.Evans said: “This acquisition is testament to our commitment to combine global scale with local expertise on the ground, and to provide our clients with access to the most attractive investment opportunities and best in class operating partners.”