KKR enters Australia real estate market
KKR and Australia Securities Exchange-listed Abacus Property Group have together agreed to buy a majority stake in three office towers that form part of Melbourne’s World Trade Centre (WTC) for A$120.4 million ($112.3 million).
It is KKR's first real estate investment in Australia, expanding an Asia Pacific portfolio that already covers China, India and South Korea. KKR and Abacus will take a 70% interest in the asset with...
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