Singapore-listed real estate investment trust OUE REIT has acquired a 19.9 per cent stake in Sydney's Salesforce Tower — the city's tallest office building — for $357.2 million, marking the trust's first investment in the Australian market. The transaction comes as Japanese investor Mitsubishi Estate Asia divests its remaining interest in the $1.8 billion George Street skyscraper, which overlooks Circular Quay.
Japanese giant exits $1.8b Salesforce Tower as Singapore REIT enters Sydney office market
Singapore-listed OUE REIT has acquired a 19.9 per cent stake in Sydney's Salesforce Tower for $357.2 million, marking its debut in the Australian market as Japanese investor Mitsubishi Estate Asia divests its remaining interest in the 55-storey George Street skyscraper.
By Amit Shukla
Expert in Costar News in DC market since 2014June 18, 2026 | 1:02 P.M.
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