K&L Gates Advises on AU$90.7 Million A-Grade Office Acquisition

Global law firm K&L Gates advised Singapore-based investment group Soilbuild on its AU$90.7 million acquisition of a 25% freehold interest in Coca-Cola Place, located at 40 Mount Street, North Sydney. The stake was purchased from M&G Real Estate, with investment and asset manager Realmont Property Partners assisting Soilbuild. The remaining 75% interest in the building is co-owned by Investa’s commercial property fund, ICPF.

Coca-Cola Place comprises a prominent 28,340-square-metre modern A-grade office tower with expansive Sydney CBD and harbour views. The building is located close to the key public transport hubs of Victoria Cross metro station and North Sydney train station and comprises world-leading sustainability attributes, including a 6.0 star Green Star design rating, a 5.5 star NABERS energy rating, and a 4.5 star NABERS water rating.

The deal team was led by Sydney Real Estate partner Samuel Brown with support from lawyers Reilly King, Christina Tohme, and Prudence Birchall. Additional assistance was provided by Finance partner Harsharan Gill and lawyer Nam Nguyen, Tax partner Matthew Cridland and lawyer Alyse McDermott, and Competition Law partner Ayman Guirguis and lawyer Jenna Yim.

Brown said: “We are proud to have supported Soilbuild and Realmont in securing the strategic stake in one of North Sydney’s landmark assets – Coca-Cola Place is a world-class property with exceptional sustainability credentials. This investment reflects the confidence in long-term growth opportunities in Australia’s commercial real estate sector and underscores the resilience and attractiveness of Sydney’s premium office market. We look forward to seeing similar investment activity throughout 2026.”

Realmont commented: “This investment aligns with Soilbuild's strategy to expand its footprint in high-quality, sustainable office properties, and we appreciated working with the K&L Gates team to complete this transaction.”

Lawyers in K&L Gates’ large, diversified Real Estate practice advise clients in a variety of real estate investment, land use, planning and zoning, development and construction, financing, leasing, tax, and litigation matters around the world.