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OUE Reit buys another 50% stake in Sydney’s Salesforce Tower in US$606.4 million deal
The Business Times reports that OUE REIT proposes to buy approximately another 50% of Sydney's Salesforce Tower at an agreed property price of A$864 million for that interest. Completion would raise OUE's holding from 19.9% to about 69.9%. Debt and part of the proceeds from the Crowne Plaza Changi Airport sale are expected to fund the acquisition.
The 55-storey tower was fully occupied as of September 30, according to the report. OUE estimates the transaction would have increased distribution per unit by 3.2% on a pro forma basis for the six months ended June 30, 2026. That estimate describes a hypothetical historical ownership scenario, rather than completed distribution growth.
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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.
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