DLA Piper has advised Investa Commercial Property Fund on its acquisition of 117 Clarence Street, for AU$153 million.

The purchase of 117 Clarence Street brings Investa’s real estate portfolio to a total of 15 assets, with interests in some of Australia’s leading office buildings, including 420 George Street and Deutsche Bank Place in Sydney, and 120 Collins Street in Melbourne.

The DLA Piper team was led by Real Estate partner Astrid Beemster with lawyers Caroline Najjar, Lily Bleach, Jemma Cooper, James McDuie, Costa Valtas and Elvis Dangol.   

Astrid Beemster said: "We are delighted to have advised our long-standing client Investa on this latest strategic acquisition."