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Report: Scentre wants partners for A$370M buy

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Report: Scentre wants partners for A$370M buy

is said to be onthe lookout for joint venture partners as it moves ahead with a A$370 millionplan to buy abuilding in Sydney.

The Australian FinancialReview reported,citing unnamed sources, that the company has talked to Pembroke Real Estate andAqualand Australia, also a partnerin another project.

Newson South African Woolworths Holdings Ltd.'s divestment of the 77 Market St.building made light in February.The 80-year-oldbuilding comes with a three-year leaseback to menswear company David Jones andsits on a 2,150-square-meter site. It has 10 upper levels and lower-ground andbasement spaces.

As of July 13, US$1 wasequivalent to A$1.31.