trending Market Intelligence /marketintelligence/en/news-insights/trending/lp8GXl7XgODtDONHAqfFzQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Link REIT agrees to buy Sydney building from Blackstone funds for A$683M

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Link REIT agrees to buy Sydney building from Blackstone funds for A$683M

Link Real Estate Investment Trust agreed to purchase an office building in Sydney's central business district from The Blackstone Group Inc.-managed funds for A$683 million.

Additionally, the Hong Kong-listed trust is also buying a nominal portion in the freehold site of the same 10-story commercial property at 100 Market St. for A$3.1 million.

The building with a leasehold term of 299 years until June 26, 2318, forms part of an integrated development in the city along with the Westfield Sydney Shopping Centre, the Sydney Tower and the office buildings at 77 Castlereagh St. and 85 Castlereagh St. It is fully leased to tenants including a Commonwealth government body and a sovereign wealth fund, according to a news release.

Completion of the transaction is subject to various conditions including the approval of Australia's Foreign Investment Review Board.

Link REIT CEO George Hongchoy said the deal reflecting a 3.9% net yield marks the property trust's maiden investment outside China and is part of its strategy to diversify its portfolio, The Australian Financial Review reported.

The Dec. 19 report added that Asia's largest REIT will continue to engage Scentre Group as the manager of the 28,385-square-meter property following the settlement of the purchase.