Shopping Centres Australasia rises as co to acquire Delacombe project

Region Re

01/11/2021 04:33

** Shares of Shopping Centres Australasia Property Group
 SCP.AX  rise as much as 2.9% to A$2.860, marking their biggest
intraday percentage gain since Oct 19 
    ** SCP agrees to acquire Delacombe Town Centre, a shopping
centre in Victoria, from Delacombe Properties Pty Ltd for
purchase price of A$112 mln ($84.10 mln)  urn:newsml:reuters.com:*:nFWN2RP2RM
    ** More than 3.6 mln shares change hands, compared with the
30-day average of ~3.2 mln shares 
    ** Stock up 10.3% so far this year, as of last close 
    
    ($1 = 1.3317 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))