SG Realty: Hiap Hoe to sell Melbourne mall; VIT pvt placement raises $26.72m

SG Realty: Hiap Hoe to sell Melbourne mall; VIT pvt placement raises $26.72m

Industrial building in Singapore. Credit: Flickr/neajjean

Hiap Hoe Limited is offloading its Melbourne mall property to Australian property fund ISPT. Meanwhie, Viva Industrial Trust has issued a private placement, whose proceeds were used to partially finance the acquisition of industrial properties.

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