OUE REIT plans to buy 50% stake in Sydney’s Salesforce Tower for AUD 461.4 million

By Public Technologies
  • OUE REIT plans to acquire an additional 50% stake in Sydney’s Salesforce Tower for AUD 461.4 million, increasing ownership to 69.9%.
  • The transaction values the acquired property interest at AUD 864 million, matching its independent valuation.
  • Total acquisition costs of AUD 539.3 million will be funded through debt financing and proceeds from the Crowne Plaza Changi Airport divestment.
  • Completion requires approval from Australia’s Foreign Investment Review Board; unitholder approval is not required.
  • The acquisition is expected to lift distribution per unit by 3.2%, based on pro forma results for the first half of 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OUE Real Estate Investment Trust published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: YN2IVGZ1HP95ELB1) on October 23, 2026, and is solely responsible for the information contained therein.

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