Link REIT plans to acquire retail properties in Sydney

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.