Straits Trading buys stake in Sydney office building for A$119m
Singapore
A UNIT of The Straits Trading Company Limited is acquiring a stake in an office building in Sydney, Australia, in line with its capital redeployment strategy, the group announced on Tuesday.
The diversified investment company with interests in real estate, hospitality and resources is investing about A$119.0 million (about S$122.7 million) for a share of the property located at 320 Pitt Street through its subsidiary Straits Real Estate, and will be funded by internal resources and bank borrowings.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance