# OUE REIT Buying Half-Stake in Sydney’s Salesforce Tower From Ping An for $605M

Canonical page: https://sequoia-research.com/news/oue-reit-buying-half-stake-in-sydney-s-salesforce-tower-from-ping-an-for-605m-84d62f89

Author: Sequoia Research
Published: 2026-10-25T10:22:59.938Z
Updated: 2026-10-25T19:44:13.623Z
Original source: [Mingtiandi](https://www.mingtiandi.com/real-estate/finance/oue-reit-buying-stake-in-salesforce-tower-sydney-from-ping-an/)
Source published: 2026-10-25T10:16:22.000Z
Type: News
Topics: REITs

Mingtiandi reports that OUE REIT agreed to acquire Ping An’s approximately 50% interest in Sydney’s Salesforce Tower, which would lift its ownership to 69.9%. The A$864 million property value attributed to the stake differs from the estimated A$461.4 million cash consideration, with debt also reflected in the transaction.

The purchase remains subject to Australian foreign-investment approval. Funding is expected to combine borrowings with proceeds from selling Crowne Plaza Changi Airport. The article highlights increased leverage following the acquisition, with the outcome depending on completion of the hotel disposal and any additional financing measures; these are proposed transaction effects rather than completed results.

[Read the original](https://www.mingtiandi.com/real-estate/finance/oue-reit-buying-stake-in-salesforce-tower-sydney-from-ping-an/)

## Research considerations

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- Which REIT or portfolio is covered, and what period does the announcement describe?
- How do the reported figures relate to debt, operating performance, distribution coverage, and liquidity?

This Sequoia Research summary was prepared with AI assistance from the credited source. It is not independent verification of the source’s claims. The original publisher retains authorship of its reporting; follow the source link for the complete article.

## About Sequoia Research

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