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

Australian notes and coins

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.

While you’re here, we’re hoping you can help us out.

Shenton Wire has been providing you with quick news and market analysis. But we need your support to continue to bring you the news you’ve come to expect and to expand our reach beyond Singapore.

Your monthly contribution will directly fund our journalism.

S$2     S$4       S$8

S$18       S$28       S$88

You can check your existing account here. You can also contact us about other contribution levels or for corporate subscriptions and syndication queries.

 Or you can contribute via PayPal: 

Supporter options