Suntec REIT acquires 21 Harris Street in Pyrmont, Sydney; FVE raised to SGD 1.82
Suntec REIT announced it will acquire a 100% stake in a Grade A freehold commercial property at 21 Harris Street, Pyrmont, Sydney, Australia with a net lettable area of 203,400 square feet (comprising about 181,900 square feet of office space and 21,500 square feet of retail space) for AUD 297 million, or about SGD 285.1 million. This translates into a purchase price of AUD 1,460 per square feet (or SGD 1,402 per square feet). The property is only 2 kilometers west of Sydney's Central Business D...Suntec Real Estate Investment Trust is a Singapore-domiciled unit trust that invests in income producing real estate and real estate related assets, which are used for commercial purposes. Co. is managed by an external manager, ARA Trust Management (Suntec) Limited. Co.'s subsidiaries include Comina Investment Limited and Suntec Harmony Pte. Ltd.
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