Mainboard-listed Metro Holdings has made several acquisitions in Australia, the UK and Singapore, deepening its presence in these markets.
Acquisition of 17th property in Victoria, Australia
In Australia, Metro, together with its joint venture (JV) partner, Sim Lian Group, acquired a neighbourhood retail centre, Shepparton Marketplace, in the state of Victoria. The retail centre was acquired for a total consideration of A$92.0 million ($85.7 million). The acquisition was legally completed on Sept 30.