Straits Trading buys stake in Sydney office building for A$119m
Singapore
A UNIT of The Straits Trading Company Limited is acquiring a stake in an office building in Sydney, Australia, in line with its capital redeployment strategy, the group announced on Tuesday.
The diversified investment company with interests in real estate, hospitality and resources is investing about A$119.0 million (about S$122.7 million) for a share of the property located at 320 Pitt Street through its subsidiary Straits Real Estate, and will be funded by internal resources and bank borrowings.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Air China to buy 100 locally made C919 jets in US$11 billion deal
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder