Hong Kong’s Link REIT is circling stakes in three trophy Sydney CBD assets – the Queen Victoria Building. the Strand Arcade and The Galeries – in a deal worth around $550 million, in a major vote of confidence in the city’s road map to normality.
It is understood the Hong Kong-listed player is in due diligence to acquire half stakes in all three prime shopping attractions which are held by Singaporean sovereign investor, GIC.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
