Soilbuild makes inroads in Australian market with acquisitions
It'll buy an A$55m office in Canberra and an Australian poultry processing plant for A$61.25m
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Singapore
SOILBUILD Reit (real estate investment trust) will acquire an office in Canberra, Australia, for A$55 million (S$54 million) and an Australian poultry processing plant for A$61.25 million, marking its maiden entry into the Australian market.
The former is a leasehold commercial office building at 14 Mort Street, comprising ground-level office lobby and office accommodation, seven upper office levels and basement carpark for 62 vehicles. The total lettable floor area is 9,383.5 sq m.
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