Savills Investment Management has made two Australian acquisitions for an Asia-Pacific fund catering to German institutional investors; a suburban shopping centre in Brisbane follows its debut Australian investment in December, a four-star serviced apartment hotel in Perth.

Savills IM is seeking to raise more capital for its fund to invest in assets in established markets in Asia-Pacific, and believes the high occupancy and long lease expiry on both properties, the shopping centre let to supermarket chain Woolworths and the hotel leased to 2031, meet the strong appetite for Australian assets among their investors.

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