SG Realty: UOL buys Melbourne hotel; REIT consolidation; Mapletree data centre

SG Realty: UOL buys Melbourne hotel; REIT consolidation; Mapletree data centre

Skyline of Singapore's city district via Selacorp

UOL Group is acquiring a Melbourne hotel for A$230 million while ESR’s acquisition of a stake in Sabana REIT is a precursor to consolidation wave in Singapore. Also, Mapletree is developing an S$60 million data centre in Singapore’s west.

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