SINGAPORE (Dec 4): The Straits Trading Company is acquiring a mixed-use office and industrial property located in Mulgrave, Victoria in Australia for A$24 million ($22.3 million).

In a bourse filing on Wednesday, Straits Trading reported that the property has a total net lettable area (NLA) of 12,157 sqm, and is located some 21 kilometres southeast of the Melbourne Central Business District.

According to Straits Trading, the consideration was arrived at on a willing-buyer and willing-seller basis. 

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