SPH REIT acquires 85% stake in Australian shopping centre for $175.1 mil

By Samantha Chiew / The Edge Singapore | December 19, 2018 1:30 PM SGT
SINGAPORE (Dec 18): In its first foray overseas, SPH REIT says that it is acquiring an 85.0% interest in an Australian property, Figtree Grove Shopping Centre, for a consideration of A$175.1 million ($175.1 million) from an unrelated third party, Swordfish Australian Mid TC, under a unit sale agreement.
The acquisition was made through Figtree Holding Trust, a wholly-owned subtrust of SPH REIT Moelis Australia Trust.
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