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Metro acquires two properties in Singapore and Australia, appoints Ascott to manage Indonesia serviced residences

Lim Hui Jie
Lim Hui Jie • 3 min read
Metro acquires two properties in Singapore and Australia, appoints Ascott to manage Indonesia serviced residences
Metro has acquired two additional properties in Singapore for about $150 million, and appoints Ascott to manage its Indonesia SRs.
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Metro, along with its joint venture partner Sim Lian has announced the acquisition of a shopping centre in New South Wales, Australia, for a purchase consideration of about A$132.8 million ($133.9 million).

In a release, Metro says Cherrybrook Village Shopping Centre is a freehold property with a site area of 29,540 square metres, a total net lettable area of 9,381 square metres and approximately 441 carpark spaces.

It is 30 kilometres away from Sydney CBD and is “anchored by retail establishments”, such as Woolworths supermarket, Martelli's Fruit Market and 51 speciality tenants.

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