Starhill Reit in A$288m purchase
It plans to acquire Myer Centre Adelaide in cash deal
Singapore
STARHILL Global Reit announced on Monday it is looking to buy a freehold property at 14-38 Rundle Mall, Adelaide, South Australia (Myer Centre Adelaide) for A$288 million (S$300 million) in cash. It entered into the conditional sale-and-purchase agreement on Monday.
Myer Centre Adelaide, located in the city's retail CBD core, comprises a retail centre with almost 620,000 square feet of retail space, three office buildings occupying 98,000 square feet and four basement levels providing 467 carpark lots.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results