---
title: "Hualian Real Estate Investment Trust discusses the acquisition of a partial stake in a commercial building in Sydney | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/271866855.md"
description: "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"
datetime: "2026-01-08T02:28:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/271866855.md)
  - [en](https://longbridge.com/en/news/271866855.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/271866855.md)
---

# Hualian Real Estate Investment Trust discusses the acquisition of a partial stake in a commercial building in Sydney | Lianhe Zaobao

In response to market rumors about acquiring a partial stake in the Salesforce Tower in Sydney, Australia, OUE REIT confirmed that it is in exclusive negotiations with Mitsubishi Estate Asia.

The Australian reported recently that the trust intends to acquire a partial stake in the Salesforce Tower, which has 56 floors and is currently the tallest commercial building in Sydney.

The trust stated in a press release on Thursday (January 8) that negotiations with Mitsubishi Estate Asia are still ongoing, and no binding agreements have been reached to date. "Therefore, at this stage, it is still uncertain whether the relevant transaction will be realized."

The trust noted that any significant developments will be disclosed through the Singapore Exchange.

The trust also stated that it will continue to uphold its mission of creating sustainable, long-term value for unitholders and will evaluate acquisition opportunities that align with the trust's strategy. "While Singapore remains the core market, the trust will also seek opportunities in markets including Sydney, Australia. The real estate fundamentals in these cities are robust, and the growth prospects are stable."

As of Thursday at 10:20 AM, the trust was trading at SGD 0.36, with no change

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