# 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

Canonical page: https://sequoia-research.com/news/oue-reit-strengthens-presence-in-sydney-s-cbd-with-proposed-acquisition-of-additional-2fab060c

Author: Sequoia Research
Published: 2026-10-23T15:23:01.079Z
Updated: 2026-10-24T03:43:01.325Z
Original source: [Macau Business](https://macaubusiness.com/oue-reit-strengthens-presence-in-sydneys-cbd-with-proposed-acquisition-of-additional-c-50-interest-in-180-george-street-for-an-agreed-property-price-of-a864-0-million/)
Source published: 2026-10-23T15:21:48.000Z
Type: Press release
Topics: REITs

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.

[Read the original](https://macaubusiness.com/oue-reit-strengthens-presence-in-sydneys-cbd-with-proposed-acquisition-of-additional-c-50-interest-in-180-george-street-for-an-agreed-property-price-of-a864-0-million/)

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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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