This is SGP specific...but it shows that EU investors are here to buy offices with long term tenants.........
STOCKLAND EXPECTS SETTLEMENT ON EDMUND BARTON BUILDING
FOLLOWING SUCCESSFUL CAPITAL RAISING BY REAL I.S.
The sale of Stockland’s Edmund Barton building in Canberra to German fund
manager Real I.S. is now expected to settle in full in mid-June, following a successful
$200 million capital raising by Real I.S. in Germany.
Stockland flagged the conditional forward-sale of the Edmund Barton building to Real
I.S. for $186 million in December 2008. The sale represents an initial yield of 7.3 per
cent and is one of Australia’s largest office transactions in the past 12 months.
Real I.S head of structured investments, Joachim Fritz, said: "The acquisition of the
Edmund Barton building is based on our long-term investment strategy for the
Australian market which is focused on core office investments with long-term leases to
very good tenants.
"The quality of the project and the fact that
This is SGP specific...but it shows that EU investors are here...
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Last
$32.56 |
Change
0.290(0.90%) |
Mkt cap ! $61.93B | |||
| Open | High | Low | Value | Volume |
| $32.20 | $32.79 | $31.73 | $122.6M | 3.780M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $32.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.63 | 423 | 1 |
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| GMG (ASX) Chart |