Brief: Suntec Real Estate Investment Trust acquires interest in Southgate Complex

Suntec Real Estate Investment Trust

05/08/2016 13:15

Aug 5 (Reuters) - Suntec Real Estate Investment Trust  SUNT.SI : 
 * Acquisition of an interest in southgate complex, Melbourne)  SUNT.SI  
 * Purchase consideration payable by southgate trust for tranche a is A$289.0 
   million 
 * Estimated total cost of the acquisition for Suntec reit is approximately 
   A$154.9 million 
 * Pursuant to contract for sale, southgate trust will acquire from dexus trust, 
   a 50% interest in the property 
 * Total acquisition cost will be fully funded by debt or debt capital market 
   instruments 
 * Suntec reit, through southgate trust entered into a contract for sale with 
   perpetual trustee company ltd 
 
* Source text for Eikon  ID:nSNZDtnyR  
 
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