Complete Property Market Updates of Singapore

May 12, 2008

Allco Reit to sell Australia properties

Filed under: General,Regulators — Propertymarketupdates @ 2:56 am

Singapore-listed Allco Commercial Real Estate Investment Trust said on Wednesday that it has appointed sales agents to sell its 50 per cent interests in two Australian properties.

The company said in a statement that it had acquired the two properties for $371.1 million (US$272.4 million). — REUTERS

Source : Business Times – 7 May 2008

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