Straits Trading divests Aussie industrial property for $46.3m

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Straits Trading divests Aussie industrial property for $46.3m
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pstrongThe property has a net lettable area of 37,809 sq m./strong/p pSGX-Mainboard listed Straits Trading divests an industrial property at 34 Share Street, Kilkenny in South Australia for $46.3m (AU$52.7m).

SGX-Mainboard listed Straits Trading divests an industrial property at 34 Share Street, Kilkenny in South Australia for $46.3m .

The property is a purpose-built modern distribution facility located in Adelaide, South Australia with a net lettable area of 37,809 sq m.The proposed sale is in line with the company’s strategy to redeploy capital from its low-profit but high-quality properties to real estate with possibly higher returns through its real estate arm....there are many ways you can work with us to advertise your company and connect to your customers.

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