SPH Reit to acquire 85% stake in Australian shopping centre for $124.5m

SPH Reit to acquire 85% stake in Australian shopping centre for $124.5m

People walk through the Barangaroo area in the central business district of Sydney, Australia, on Monday, Jan. 23, 2017. Photographer: Dallas Kilponen/Bloomberg

Singapore-based real estate investment trust SPH Reit Management plans to acquire an 85 per cent stake in a shopping centre south of Sydney for $124.5 million (A$175.1 million).

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