# OUE REIT to acquire $570m stake in Sydney office tower

Canonical page: https://sequoia-research.com/news/oue-reit-to-acquire-570m-stake-in-sydney-office-tower-3de8554d

Author: Sequoia Research
Published: 2026-10-16T22:42:52.146Z
Updated: 2026-10-16T23:17:22.849Z
Original source: [Institutional Real Estate, Inc.](https://irei.com/news/oue-reit-to-acquire-570m-stake-in-sydney-office-tower/)
Source published: 2026-10-16T14:42:16.000Z
Type: News
Topics: REITs

Institutional Real Estate, Inc. reports a proposed A$864 million purchase by OUE REIT of a further 50% interest in Salesforce Tower, Sydney. Ping An Real Estate is the reported seller. The transaction would lift OUE's ownership to 69.9% following an earlier acquisition.

The report values the full property at roughly A$1.73 billion and cites a 5.75% capitalization rate. It describes approximately 666,000 square feet of office space and 99.2% occupancy as of December 2025. That occupancy figure is historical, and the additional acquisition is described as a pending transaction.

[Read the original](https://irei.com/news/oue-reit-to-acquire-570m-stake-in-sydney-office-tower/)

## 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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