Frasers Property cashes out its half share of Melbourne office for A$326.2m
Add BT as a preferred source
Janice Heng
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
FRASERS Property's Australian division is selling its 50 per cent share of Melbourne prime office tower 2 Southbank Boulevard for A$326.2 million (S$312.7 million), the developer said on Wednesday.
Frasers Property Australia has exchanged contracts with GPT Wholesale Office Fund (GWOF) for the deal, with settlement due in late March. The gross sale price represents an initial yield of 4.8 per cent.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
