Kara Capital advises Japan World Square acquisition

Kara Capital successfully advised a consortium of Japanese corporate investors in the acquisition of a 50% interest in the Australia — World Square office complex in Australia — Sydney, Australia. The acquisition involves A-Grade Australia — Sydney CBD office buildings at 680 George Street and 50 Goulburn Street, secured at a 60% discount to estimated replacement cost with a capitalisation rate of 7.5%. Nazmi Camalxaman, Managing Director of Kara Capital, highlighted the company's role in bridging the information gap for Japanese investors, fostering confidence in Australian investment opportunities. The deal reflects a growing appetite among Japanese corporate investors for Australian office assets, driven by stabilized valuations in Australia — Sydney and Brisbane.