UOL acquiring eight-storey office building in Sydney for $153 mil

By PC Lee
/ The Edge Singapore |
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SINGAPORE (Dec 8): UOL Group is acquiring an eight-storey Sydney office building as part of the group’s plan to diversify its presence in Australia and to strengthen recurring income streams.
The eight-storey office building with four-storey basement parking sits on a freehold site has an area of 2,815 sqm and a net lettable area of 11,259 sqm. The property is 100% tenanted with the lease expiring in 2028.
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