Wing Tai Holdings enters deal to acquire Australia property for A$51 million

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Wing Tai Holdings has acquired a Victoria, Australia, property from Evergreen Nominees (Victoria) for A$51 million (S$48.14 million or US$35.01 million), the property developer said in a filing to SGX Monday.

The deal is via WT Corporate Services as trustee of WT DC Trust II, which is a wholly owned subsidiary of Wing Tai, the filing said.

The property is a freehold data center located in the Tally Ho Business Park, and it is fully leased to a major NYSE-listed IT company, Wing Tai said.

The deal was completed Monday, the filing said.

The property is located at 4 Wesley Court, Burwood East, in Victoria, the filing said.

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