Trinity Law were delighted to act on behalf of our valued client, John McEwen House Pty Ltd on the successful sale of “John McEwen House”, 7 National Circuit, Barton to institutional superannuation fund ISPT in March 2020. This transaction represents a continued investment by ISPT into Barton and a significant transaction for the suburb, especially given the impact of COVID-19.
The property is occupied by numerous reputable tenants including the National Party of Australia and the Embassy of Argentina.
A key commercial consideration of the transaction was securing the seller’s perpetual naming rights to the building given the buildings long standing history and association with the National Party of Australia. The transaction was also extremely time sensitive with settlement being facilitated within 10 business days of exchange of contracts.
Should you wish to discuss any aspect of this transaction, or other developments in the ACT commercial property market, please contact John Irvine, Partner of the Trinity Law Commercial Team.