pstrongThe freehold Grade A office building has a committed occupancy rate of 93%./strong/p pKeppel REIT has deepened its partnership with Mirvac Funds Management Australia Limited with the acquisition of a 50% stake in 255 George Street, a freehold Grade A office building in Sydney, Australia, for A$363.8m ($321.0m).
Keppel REIT has deepened its partnership with Mirvac Funds Management Australia Limited with the acquisition of a 50% stake in 255 George Street, a freehold Grade A office building in Sydney, Australia, for A$363.8m .
In a bourse filing, the REIT said 255 George Street will generate a first-year yield that exceeds 6.0% and DPU accretion of 1.4%1 on a pro forma basis. Post-acquisition, Keppel REIT’s Singapore-centric portfolio will be worth $9.6b across 13 properties in Singapore , Australia , South Korea and Japan , and the proportion of freehold assets in its portfolio will increase from 33.2% to 36.4% . ...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
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