Coronavirus Latest News

Link Reit buys three prime shopping centres in Sydney as Australia relaxes Covid-19 curbs

Link Reit has invested in three retail properties in Sydney, in a diversification move after Asia’s largest real investment trust reported its second-worst annual revenue growth.The Hong Kong-based company paid A$538.2 million (US$398 million) for 50 per cent of a trio of assets comprising the Queen Victoria Building (QVB), the Strand Arcade and The Galeries in Sydney, according to a statement released late on Sunday.“The acquisition of this prime retail portfolio is part of our Vision 2025…

Read the original article at South China Morning Post

Related Articles

Back to top button