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Straits Trading unit in talks to sell office building in Melbourne

THE Straits Trading Company said its subsidiary Straits Real Estate (SRE) has been in talks with potential buyers for the sale of the office building located in central Melbourne.

The discussions may or may not lead to the sale of the building, it said in an announcement to the Singapore Exchange on Thursday. "There is no certainty whatsoever that these discussions will result in any definitive agreement or transaction."

Straits Trading was clarifying reports in the Australian newspapers that it has sold the William Street office building in Melbourne, which SRE had acquired last year.