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The Hour Glass: Acquisition Of 192 Pitt Street, Sydney For S$36.9 Million.

31 Oct 2014 10:36

The Hour Glass Limited wishes to announce that The Hour Glass (Australia) Pty Ltd, a wholly-owned subsidiary, has entered into a Sale and Purchase Agreement with Lee Tai Enterprises (Australia) Pty Ltd following a successful bid process for the acquisition by THGA of the freehold property located at 192 Pitt Street, Sydney, in Australia. The consideration for the purchase of the Property is A$32.8 million, approximately S$36.9 million. The Property has a net lettable area of 1,027 sqm comprising five levels of office and ground floor retail space, and is currently fully leased out...

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Source: ShareInvestor Express