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Wing Tai jointly acquires Melbourne office building for $97.2 mil

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Wing Tai jointly acquires Melbourne office building for $97.2 mil

Michelle Zhu Published on Tue, Apr 17, 2018 / 8:35 AM GMT+8

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SINGAPORE (Apr 17): Wing Tai Holdings and Australia-listed Abacus Property Group are jointly acquiring an office building at 464 St Kilda Road in Melbourne, Australia, for A$95.38 million ($97.18 million).

The acquisition will be made via Wingspring Trust and Abacus 464 St Kilda Road Trust, a subsidiary of Abacus Property.

Wingspring Trust was established in Australia by Wing Tai’s investment arm Wingspring Investment with WT Corporate Services acting as the trustee for the trust.