trending Market Intelligence /marketintelligence/en/news-insights/trending/3oeun0giebzyc6mdp25pjw2 content esgSubNav
In This List

Propertylink shelves plan to acquire commercial asset for A$82M

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Propertylink shelves plan to acquire commercial asset for A$82M

Australian landlord Propertylink terminated its non-binding A$82 million contract to buy Raffles Education Corp. Ltd.'s entire freehold interest in a commercial building in Parramatta, Australia.

A definitive agreement was subject to, among other things, a due diligence by Propertylink, through which the real estate investment trust concluded that the asset fundamentals did not match some aspects of its acquisition criteria, according to a release.

The asset at 1-3 Fitzwilliam St. stands six stories tall on approximately 2,049 square meters of land and offers 9,782 square meters of net lettable area.