# OUE Reit buys another 50% stake in Sydney’s Salesforce Tower in US$606.4 million deal

Canonical page: https://sequoia-research.com/news/oue-reit-buys-another-50-stake-in-sydney-s-salesforce-tower-in-us-606-4-million-deal-55bf8cbb

Author: Sequoia Research
Published: 2026-10-23T15:23:01.079Z
Updated: 2026-10-24T03:43:20.337Z
Original source: [The Business Times](https://www.businesstimes.com.sg/companies-markets/reits-property/oue-reit-buys-another-50-stake-sydneys-salesforce-tower-us606-4-million-deal)
Source published: 2026-10-23T12:46:00.000Z
Type: News
Topics: REITs

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.

[Read the original](https://www.businesstimes.com.sg/companies-markets/reits-property/oue-reit-buys-another-50-stake-sydneys-salesforce-tower-us606-4-million-deal)

## Research considerations

REIT news can cover acquisitions, operating results, distributions, capital raising, and liquidity. Publicly traded and nontraded structures can have different reporting and liquidity arrangements. Identify the actual vehicle before comparing an announcement with other investments.

- 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

Sequoia Research, LLC is an independent real estate investment research firm providing analysis of Delaware Statutory Trusts (DSTs), Tenant in Common (TIC) investments, Opportunity Zone Funds, and mineral rights and royalties.

Explore our reports for property and sponsor analysis, financial assumptions, risks, and comparison scorecards. News inclusion does not imply that a report on the particular investment is available.

[Investment research library](https://sequoia-research.com/sequoia-all-1031.html)
[Brokerage research](https://sequoia-research.com/sequoia-1031-dst-broker-rankings.html)
[Coverage policy](https://sequoia-research.com/news/about)
[Research disclosures and terms](https://sequoia-research.com/terms.html)