AXA Investment Managers - Real Assets, Scape Australia Management Pty Ltd and Allianz Real Estate Asia Pacific entered into a binding agreement to acquire Atira Pty Ltd from Blue Sky Alternatives Access Fund Limited (ASX:BAF) managed by Blue Sky Alternative Investments Limited (ASX:BLA) and The Goldman Sachs Group, Inc. (NYSE:GS) on September 6, 2019. The portfolio will seed a new core fund that will be backed by Allianz and AXA for total equity capacity of AUD 1.5 billion. The acquisition also includes three development properties, in Melbourne, Perth and Sydney, which will be moved into a separate fund backed by Allianz Real Estate, Bouwinvest, German-owned Luxembourg fund WPI, a Middle-Eastern sovereign wealth fund, and the founders of Scape's Australian arm, Stephen Gaitanos and Craig Carracher. The transaction is unconditional and the settlement is expected to happen on September 30, 2019. Moelis Australia and Morgan Stanley acted as financial advisors and Herbert Smith Freehills and Greenwoods & Herbert Smith Freehills acted as legal advisors for Scape Australia.

AXA Investment Managers - Real Assets, Scape Australia Management Pty Ltd and Allianz Real Estate Asia Pacific completed the acquisition of Atira Pty Ltd from Blue Sky Alternatives Access Fund Limited (ASX:BAF) managed by Blue Sky Alternative Investments Limited (ASX:BLA) and The Goldman Sachs Group, Inc. (NYSE:GS) on October 2, 2019.