275 George Street, Brisbane. (Google Maps)

Singapore-listed Keppel REIT is divesting its 50% interest in 275 George Street, Brisbane, Australia, to Charter Hall Prime Office Fund (CPOF).

The stake is being sold for an aggregate sale consideration of AUD275.0 million.

The contract of sale was executed on 30 June 2021, and CPOF currently holds the other 50% interest in the property.

The 31-storey office tower was acquired by Keppel REIT in 2010 as its first Australian asset.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.