Wednesday, December 25, 2019

Growth Catalysts For Suntec REIT In 2020

9 Penang Road is scheduled to be completed at the end of 2019. This Grade 'A' commercial building is 100% pre-leased to UBS. Suntec REIT holds a 30% stake in this development. 

21 Harris Street in Pyrmont is a tech and media hub 2km west of Sydney's CBD. Scheduled for completion in 1Q2020. Already 96.2% pre-leased. Anchored by Publicis Groupe. Other tenants include co-working operator Campfire, a childcare centre and a gym operator.

Olderfleet, at 477 Collins Street in Melbourne is scheduled for completion around mid-2020. Suntec REIT has a 50% interest in this development.

Suntec REIT will receive a full quarter of rental contribution from its latest acquisition of 55 Currie Street in the heart of Adelaide's CBD.