Mirvac sells $1.3b stake in new tower to Mitsui
Mirvac has sold a two-thirds stake in a planned $2 billion Sydney office tower to Mitsui Fudosan, and confirmed its full-year earnings guidance of operating earnings per stapled security of 14¢ to 14.3¢ and distribution per stapled security of 10.5¢.
ASX-listed Mirvac, which The Australian Financial Review this week reported had secured MinterEllison as the latest law firm tenant for the 55-storey office tower overlooking Sydney harbour, said the sale to Mitsui, one of Japan’s largest listed property companies, would settle on Friday.
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