Singaporean property giant, OUE Real Estate Investment Trust, has bought a half-stake in Sydney’s tallest office, Salesforce Tower, in a much-anticipated $864 million deal is a major vote of confidence in the city’s office market recovery.
Confirmed by the Singapore-listed property trust over the weekend, the deal comes after weeks of expectation that OUE REIT would exercise its rights as an existing investor to buy the half-interest from its holder, Chinese insurance giant Ping An.
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