Brief: Suntec REIT acquires property in Australia from Mirvac Group

Suntec Real Estate Investment Trust

25/07/2017 23:05

July 26 (Reuters) - Suntec Real Estate Investment Trust 
 SUNT.SI  
    * Acquisition Of 50% Interest In Olderfleet, 477 Collins 
Street, Melbourne, Australia 
    * Suntec REIT through unit, entered into agreements to 
acquire 50% interest in Olderfleet, 477 Collins Street 
    * Agreement for a consideration of A$414.17 million 
    * Acquisition to improve earnings,distributions to 
unitholders with initial net property income yield of 4.80% upon 
practical completion 
    * Acquired property to be developed from Mirvac Group 
 
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