July 26 (Reuters) - Suntec Real Estate Investment Trust SUNT.SI
- Acquisition Of 50% Interest In Olderfleet, 477 Collins Street, Melbourne, Australia
- Suntec REIT through unit, entered into agreements to acquire 50% interest in Olderfleet, 477 Collins Street
- Agreement for a consideration of A$414.17 million
- Acquisition to improve earnings,distributions to unitholders with initial net property income yield of 4.80% upon practical completion
- Acquired property to be developed from Mirvac Group
News: MGR Suntec REIT acquires property in Australia from Mirvac Group
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