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Keppel Reit buys 50% stake in Melbourne office plot

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Published Thu, Jun 29, 2017 · 09:50 PM

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    Singapore

    KEPPEL Reit on Thursday said it has signed a deal with Australia Postal Corporation to buy a 50 per cent interest in a premium office tower to be developed at 311 Spencer Street, Melbourne, Australia.

    The consideration is A$347.8 million (S$362.4 million) for the stake. The remaining will be held by Cbus Property, an Australian property developer, which is also the developer for this development.

    Keppel Reit

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