Singapore's SPH Reit acquires shopping mall in Australia for $460m

Singapore's SPH Reit acquires shopping mall in Australia for $460m

Photo: Westfield Marion's Facebook page

Singapore-based real estate investment trust SPH Reit Management is acquiring a 50 per cent stake in Australian shopping mall Westfield Marion Shopping Centre for A$670 million ($460 million) in what could be this year’s highest-priced shopping centre deal in South Australia.

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