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Home / News / Ma

SPH REIT to acquire 50% stake in South Australia's largest shopping centre for $636.5 mil

M&A

SPH REIT to acquire 50% stake in South Australia's largest shopping centre for $636.5 mil

Uma Devi Published on Thu, Nov 07, 2019 / 7:19 PM GMT+8

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SINGAPORE (Nov 7): SPH REIT is acquiring a 50.0% stake in Westfield Marion Shopping Centre in Adelaide, Australia, for a consideration of A$670.0 million ($636.5 million).

Marion Sub Trust, which is wholly-owned by SPH REIT, on Thursday entered into a sale of land contract with investment management platform Lendlease Real Estate Investments.

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