OUE Real Estate Investment Trust announced on Feb, 24 2026 that its wholly owned vehicles OUE REIT (Australia) Trust and OUE REIT (Keystone) Pte. Ltd. have signed a share and unit sale agreement with Mitsubishi Estate Co., Ltd.’s subsidiaries to acquire a 19.9% interest in Salesforce Tower at 180 George Street, Sydney.

The agreed property price for the 19.9% stake is 357.2 million Australian dollars, equal to the independent valuation, resulting in a purchase consideration of 195.5 million Australian dollars (about 175.0 million Singapore dollars) after adjusting for debt and other net assets.

Total acquisition cost is estimated at 201.2 million Singapore dollars, including a 3.2 million Singapore dollars acquisition fee and about 1.8 million Singapore dollars of professional expenses.

The manager plans to fund the acquisition through debt and part of the net proceeds from the divestment of Lippo Plaza Shanghai. Completion is expected in the first half of 2026 and no later than May, 27 2026.

Post-transaction, OUE REIT’s aggregate leverage is projected to rise from 38.5% to 40.2%, and the deal is expected to lift distribution per unit for the 2025 financial year from 2.23 to 2.25 Singapore cents on a pro forma basis.