Hualian Real Estate Investment Trust discusses the acquisition of a partial stake in a commercial building in Sydney | Lianhe Zaobao
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Hualian Real Estate Investment Trust (OUE REIT) is in exclusive negotiations with Mitsubishi Estate Asia to consider acquiring a partial stake in the Salesforce Tower in Sydney. This tower is the tallest commercial building in Sydney, with a total of 56 floors. The trust announced on the Singapore Exchange that negotiations are still ongoing and no binding agreement has been reached, making the completion of the transaction uncertain. The trust will continue to evaluate acquisition opportunities that align with its strategy, and while Singapore is the core market, it will also seek opportunities in markets including Sydney
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