Mirvac To Strengthen Its Relationship With ISPT with a 50% Acquisition of 275 Kent St

Mirvac To Strengthen Its Relationship With ISPT with a 50% Acquisition of 275 Kent St

Mirvac Group (Mirvac) [ASX: MGR] confirms it has today assigned its rights under the unit sale agreement to acquire a 50 per cent interest in 275 Kent Street, Sydney to a trust wholly owned by ISPT Pty Ltd (ISPT). “We are delighted to strengthen our capital partner relationship with ISPT at 275 Kent Street, who

Mirvac Group (Mirvac) [ASX: MGR] confirms it has today assigned its rights under the unit sale agreement to acquire a 50 per cent interest in 275 Kent Street, Sydney to a trust wholly owned by ISPT Pty Ltd (ISPT).

“We are delighted to strengthen our capital partner relationship with ISPT at 275 Kent Street, who are aligned with our asset management and development strategy,” said Mirvac’s CEO & Managing Director, Susan Lloyd-Hurwitz.

“The transaction will see our co-ownership platform with ISPT grow to approximately $2.1 billion in assets under management, based on 100 per cent value.”

For further information, please refer to the Group’s announcement on 6 June 2018

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