Asset Acquisitions and Disposals::ACQUISITION OF 50% INTEREST IN 388 GEORGE STREET, SYDNEY, AUSTRALIA

Issuer & Securities

Issuer/ Manager
UOL GROUP LIMITED
Securities
UOL GROUP LIMITED - SG1S83002349 - U14
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
11-Oct-2024 17:37:57
Status
New
Announcement Sub Title
ACQUISITION OF 50% INTEREST IN 388 GEORGE STREET, SYDNEY, AUSTRALIA
Announcement Reference
SG241011OTHRQ3FZ
Submitted By (Co./ Ind. Name)
Yeong Sien Seu
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of UOL Group Limited wishes to announce that it has, through its indirect subsidiary, 388 GSS Property Pty. Ltd. as trustee for 388 Property Trust, entered into a contract of sale with Brookfield 388 Landowner Pty Ltd as trustee for Brookfield 388 Landowning Trust to acquire an undivided 50% interest as tenant in common of the property known as 388 George Street located in Sydney, New South Wales, Australia at a consideration of A$460,000,000, subject to adjustments.

Please see attached detailed announcement.

Attachments

UOL-Acquisition-388 George Street.pdf
Total size =86K