SINGAPORE (Dec 18): In its first foray overseas, SPH REIT says that it is acquiring an 85.0% interest in an Australian property, Figtree Grove Shopping Centre, for a consideration of A$175.1 million ($175.1 million) from an unrelated third party, Swordfish Australian Mid TC, under a unit sale agreement.

The acquisition was made through Figtree Holding Trust, a wholly-owned subtrust of SPH REIT Moelis Australia Trust.

Read more on The Edge Singapore.