Soilbuild to Acquire 2 Australian Properties

News about Soilbuild Business Space REIT

Soilbuild REIT is seeking to purchase its first 2 properties in Australia, a poultry processing plant and a leasehold office building in Canberra. The trust plans to spend A$61.25 for the former and A$55 for the later.

Following the proposed acquisitions, Soilbuild Reit will own 11 properties in Singapore and two properties in Australia with the valuation of Soilbuild Reit’s portfolio expected to increase from S$1.11 billion to S$1.23 billion.

Soilbuild Business Space REIT
Price0.535 SGD
NAV0.550 SGD
Yield (4 quarters)8.73%