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Mapletree Inv a top bidder for Aussie asset

Reports say it's in tussle with rivals for A$100m office block

Published Fri, Oct 10, 2014 · 09:50 PM

Singapore

IN what could be its first move in Australia, Mapletree Investments has emerged as a top contender for a near A$100 million (S$111 million) A-grade office building in Brisbane.

Mapletree is competing with offshore rivals for the asset, according to a media report in Australia.

The seller, US property group Hines, had bought the asset just two years ago for A$88 million, The Australian report said. CBRE is brokering the sale for Hines, according to online marke…

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