News summary · Press release
OUE REIT Strengthens Presence in Sydney's CBD with Proposed Acquisition of Additional c.50% Interest in 180 George Street for an Agreed Property Price of A$864.0 million
In an issuer announcement carried by Macau Business, OUE REIT says it proposes to acquire approximately another 50% of Sydney's Salesforce Tower, taking its interest from 19.9% to about 69.9% upon completion. The A$864 million figure is the agreed property price for the additional interest. After attributable debt and other net assets, estimated purchase consideration is A$461.4 million; estimated total acquisition cost is A$539.3 million.
OUE plans to fund the transaction with debt and part of the proceeds from selling Crowne Plaza Changi Airport. Management estimates 3.2% distribution-per-unit accretion using a pro forma calculation for the first half of 2026. That calculation assumes earlier ownership and is not a realized increase in distributions.
Press release: statements in the original item come from the issuing organization and may be promotional.
Read the original at Macau BusinessResearch considerations
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