Link REIT plans to acquire three properties in Sydney for A$538.2 million which are immediately DPU accretive
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Link REIT announced it plans to acquire 50% interests in the three retail assets in Australia, namely Queen Victoria Building (QVB), The Galeries and The Strand Arcade for a total of A$538.2 million.
The properties are located in Sydney’s CBD, with high footfall and a diversified tenant base. The portfolio occupancy stood at 94.3% based on a valuation report on Oct 26.
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