Link Reit invests in three Sydney retail malls before border reopens

Link Reit has invested in three retail properties in Sydney, in a diversification move after Asia’s largest real investment trust reported its second-worst annual revenue growth.The Hong Kong-based company paid A$538.2 million (US$398 million) for 50 per cent of a trio of assets comprising the Queen Victoria Building (QVB), the Strand Arcade and The Galeries in Sydney, according to a statement released late on Sunday.“The acquisition of this prime retail portfolio is part of our Vision 2025…

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