IOOF Holdings Limited (ASX:IFL) acquired 107 Pitt Street from BlackRock Direct Property Fund (Aust) of BlackRock, Inc. (NYSE:BLK) for AUD 23.6 million on January 24, 2013. BlackRock Direct Property Fund carried about AUD 87 million of debt at the end of December 2012 and the sales proceeds will be split between cutting debt and more payments to investors. Vince Kernahan and Steve Kovacs of Colliers International and James Aroney and Ben Schubert of Jones Lang LaSalle acted as brokers in the transaction.

IOOF Holdings Limited (ASX:IFL) completed the acquisition of 107 Pitt Street from BlackRock Direct Property Fund (Aust) of BlackRock, Inc. (NYSE:BLK) on January 24, 2013.