Property News · December 19, 2019

Link Reit makes its first foray outside Greater China with a US$469.5 million office property acquisition in Sydney


Link Reit, the biggest real estate investment trust in Asia, will enter Australia by acquiring a grade A office building in Sydney for A$683 million (US$469.5 million).The 10-storey office building, 100 Market Street, in the central business district will be bought from US private equity firm Blackstone Group, Link Asset Management, which runs Link Reit, said in a statement on Thursday.The acquisition will be Link Reit’s first outside Greater China.“A more diversified portfolio with overseas…

Source : South China Morning Post
Read more…Link Reit makes its first foray outside Greater China with a US9.5 million office property acquisition in Sydney

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