TH Real Estate Acquires Built HQ for $180 Million

US Investment Manager TH Real Estate purchased Built’s Sub Station No.164 development for $180 Million

TH Real Estate acquired the project on a fund-through basis, with Built undertaking the construction of the project.

Home to ‘BuiltHQ’, Built’s new head office is pre-committed to four floors at 183-185 Clarence Street in Sydney as the anchor tenant.

The development will include the restoration of 7-storeys in the existing 1909-built Shelley Warehouse and adjoining former electrical substation, with development targeted for completion in 2020.