Singapore-listed investment trust OUE REIT has acquired a near 20 per cent stake in Sydney’s tallest office building, the $1.8 billion Salesforce Tower, as Japanese giant Mitsubishi Estate Asia sells out of the skyscraper.
Making its debut into Australia’s property market, OUE REIT acquired a 19.9 per cent interest, worth $357.2 million, in the George Street tower, which overlooks Circular Quay, joining other big investors such as Lendlease and Chinese insurer Ping An.
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