PREI to Acquire Sydney Office Buildings

Prudential Real Estate Investors has agreed to acquire a 50 percent interest in 40 Mount Street, North Sydney, an A-Grade office building known as “Coca Cola Place” from Investa Property Group, the companies announced today. PREI, operating in Australia through its Asian business, Pramerica Real Estate Investors Pte Ltd., is the real estate investment and advisory business of Prudential Financial, Inc., PRU.