CapitaLand's REIT to buy 50% in Sydney property for $305m

CapitaLand's REIT to buy 50% in Sydney property for $305m

Singapore-listed real estate investment trust CapitaLand Integrated Commercial Trust (CICT) has agreed to acquire a 50% interest in an integrated development located in Sydney for A$422 million ($305.4 million), per an announcement.

It added that the total acquisition outlay was A$454.4 million, comprising A$422 million purchase price, other expenses of A$28.2 million, and acquisition fees of A$4.2 million.

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