Metro to invest $89.7 mil for 20% stake in portfolio of 14 Australian properties

Stanislaus Jude Chan
Stanislaus Jude Chan11/8/2019 06:33 PM GMT+08  • 2 min read
Metro to invest $89.7 mil for 20% stake in portfolio of 14 Australian properties
SINGAPORE (Nov 8): Metro Holdings is eyeing an entry into Australia’s commercial real estate market with an investment of A$95.8 million ($89.7 million) for the proposed acquisition of a 20% stake in a portfolio of 14 properties.
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SINGAPORE (Nov 8): Metro Holdings is eyeing an entry into Australia’s commercial real estate market with an investment of A$95.8 million ($89.7 million) for the proposed acquisition of a 20% stake in a portfolio of 14 properties.

The portfolio, which is worth approximately A$900 million, comprises four office buildings and 10 retail centres.

The properties span across four key states in Australia: New South Wales, Victoria, Queensland and Western Australia.

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