Investment Portfolio
Overview
Suntec City
Park Mall
One Raffles Quay
MBFC Properties
177 Pacific Highway
Southgate Complex
Volume:
3,442,600
High:
1.75
Low:
1.72
Change:
0.02
Closing:
1.74
On 5 August 2016, Southgate Trust, which Suntec REIT holds a 50% indirect interest, announced the acquisition of an initial 50% interest in Southgate Complex, Melbourne, Australia.

Southgate Complex is an integrated waterfront development comprising two A-Grade office towers and a retail podium. The office and retail components constitute approximately 87% and 13% of the total net lettable area respectively. Southgate Complex is strategically located along the Yarra River and is surrounded by business, residential, recreational and retail amenities, the property is directly opposite Flinders Street train station and within close proximity to Melbourne’s city rail loop.

The acquisition was completed on 4 November 2016.
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