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Keppel Reit buys 50% stake in Melbourne office plot

BT_20170630_LMXKEP30_2958302.jpg
Artist impression of the premium office tower to be developed at 311 Spencer Street in Melbourne. It is expected to be ready in Q4 of 2019.

Singapore

KEPPEL Reit on Thursday said it has signed a deal with Australia Postal Corporation to buy a 50 per cent interest in a premium office tower to be developed at 311 Spencer Street, Melbourne, Australia.

The consideration is A$347.8 million (S$362.4 million) for the stake.

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