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Straits Trading Company buys Perth office building for $56 mil

Property

Straits Trading Company buys Perth office building for $56 mil

PC Lee Published on Thu, Dec 07, 2017 / 6:04 PM GMT+8

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SINGAPORE (Dec 7): The Straits Trading Company is acquiring an office building in Perth, Australia, for A$54.2 million ($55.7 million).

The acquisition is part of its strategy to redeploy capital from its existing property portfolio into potentially higher return property opportunities.

The property is an 11-storey office building with two basement levels.

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