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ZACD fund acquires Melbourne office block

Friday, July 21, 2017 - 05:50

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ZACD says the office building will provide a stable income stream as it is leased out to a tenant with a proven track record.

Singapore

ASSET manager ZACD Group said on Thursday a fund managed by it has completed the acquisition of an office building in Melbourne for A$27.32 million (S$29.6 million).

It said the transaction, which marked ZACD's first foray into the Australian real estate market, was one

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