Hong Kong’s Link REIT has acquired stakes in three Australian inner-city retail assets from Singapore’s GIC for A$538.3m (€344.6m).
In March this year, GIC hired recruited a couple of property consultancy firms to handle the sale of is half-stakes the Queen Victoria Building, the Strand Arcade and The Galeries building.
Link REIT mandated fund manager EG Management in March this year to source assets in its drive to diversify its portfolio into new markets.
Chris Pak, EG’s new divisional director, who is responsible for the Link REIT mandate, told IPE Real Assets that the shopping centres were secured in an off-market transaction during the uncertainty of Sydney’s protracted COVID lockdown.
Roger Parker, EG Fund’s executive director, said Link REIT had made good inroads, with its offshore diversification strategy having now acquired four prime assets in Australia.
Asked if Link continued to have an appetite for more assets in Australia, Parker said: “They still have more interest in Australia. Like most offshore visitors, their focus is on the Eastern Seaboard, and they are looking for opportunities across the key main asset classes –- commercial, retail and logistics.
https://eg.com.au/investments/link-reit
回覆刪除EG幫手管理同入貨,希望做到野
刪除Hong Kong’s Link REIT has acquired stakes in three Australian inner-city retail assets from Singapore’s GIC for A$538.3m (€344.6m).
回覆刪除In March this year, GIC hired recruited a couple of property consultancy firms to handle the sale of is half-stakes the Queen Victoria Building, the Strand Arcade and The Galeries building.
Link REIT mandated fund manager EG Management in March this year to source assets in its drive to diversify its portfolio into new markets.
Chris Pak, EG’s new divisional director, who is responsible for the Link REIT mandate, told IPE Real Assets that the shopping centres were secured in an off-market transaction during the uncertainty of Sydney’s protracted COVID lockdown.
Roger Parker, EG Fund’s executive director, said Link REIT had made good inroads, with its offshore diversification strategy having now acquired four prime assets in Australia.
Asked if Link continued to have an appetite for more assets in Australia, Parker said: “They still have more interest in Australia. Like most offshore visitors, their focus is on the Eastern Seaboard, and they are looking for opportunities across the key main asset classes –- commercial, retail and logistics.