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OUE Reit in ‘exclusive talks’ for partial stake in Salesforce Tower in Sydney

OUE Reit in ‘exclusive talks’ for partial stake in Salesforce Tower in Sydney

By Kim Browne

Culture

There is no certainty that any transaction will materialise at this juncture, says manager

OUE Real Estate Investment Trust (OUE Reit) is in “exclusive talks” with Mitsubishi Estate Asia for a potential acquisition of a partial stake in Salesforce Tower in Sydney.

Located at 180 George Street in Circular Quay, Sydney, New South Wales, Australia, the building has 55 storeys and stands at a height of 263 m.

It is the second-tallest building in the state after integrated resort Crown Sydney.

The Reit manager indicated in a Thursday (Jan 8) bourse filing that negotiations between the parties are still ongoing, and that they have yet to enter into any binding agreement for the acquisition.

It added that there is no certainty that any transaction will materialise at this juncture.

The counter closed flat on Wednesday at S$0.36.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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