The Business Times

Companies & Markets

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

Deal for Raffles Education to sell Australia property for A$82m falls through

Published Wed, Jun 6, 2018 · 10:20 AM
Share this article.

AN A$82 million (S$83.5 million) deal Raffles Education entered into on April 16 with Australia's Propertylink for the sale of a six-storey commercial building in Parramatta in New South Wales has fallen through as both parties were unable to reach an agreement over the terms of the sale.

The said property is currently being leased out to Raffles Education's subsidiary, Raffles College.

Raffles Education shares closed S$0.001 or 0.6 per cent lower at S$0.178 on Wednesday before the announcement.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here