Link REIT plans to acquire retail properties in Sydney

Goola Warden
Goola Warden11/7/2021 07:44 PM GMT+08  • 2 min read
Link REIT plans to acquire retail properties in Sydney
Link REIT plans to acquire three properties in Sydney for A$538.2 million which are immediately DPU accretive
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Link REIT announced it plans to acquire 50% interests in the three retail assets in Australia, namely Queen Victoria Building (QVB), The Galeries and The Strand Arcade for a total of A$538.2 million.

The properties are located in Sydney’s CBD, with high footfall and a diversified tenant base. The portfolio occupancy stood at 94.3% based on a valuation report on Oct 26.

See also: Parkway Life REIT acquires two nursing homes in Japan for $49.4 mil

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