Replace - Proposed Acquisition Of A Property In Gold Coast, Queensland, Australia
BackMay 15, 2019
|Announcement Title||Asset Acquisitions and Disposals|
|Date & Time of Broadcast||May 15, 2019 19:49|
|Announcement Sub Title||Acquisition of a property in Gold Coast, Queensland, Australia.|
|Submitted By (Co./ Ind. Name)||Terence Lim|
|Designation||VP, Investment & Investor Relations|
|Description (Please provide a detailed description of the event in the box below)||Please refer to the attached updated documents relating to the acquisition of a property in Gold Coast, Queensland, Australia.
The update relates mainly to the following inclusion in the respective attached documents:
The Property is acquired with a headline yield of 7.8% based on the first year net property income of A$3 million over the Purchase Consideration of A$38.46 million.