On Nov 30, the REIT’s trustee, RBC Investor Services Trust Singapore, entered into a contract of sale with Pyrmont Union Street Landowner Pty Ltd, William Street Home Units Pty Limited, 4 Blue Street Home Units Pty Limited and Conway Home Units Pty Limited (the vendors) for the acquisition of the land.
The manager of Keppel REIT says it has entered into an agreement to acquire 100% interest in Blue & William, a freehold Grade A office currently under development in North Sydney.
The total consideration for the development is A$327.7 million ($322.2 million). The amount includes the consideration of A$150 million for the acquisition of the land.
