Sim Lian snaps up two Australian retail centres for AUD70m

Both are located in Queensland.

Mainboard-listed Sim Lian Group will acquire two adjoining retail sites in Queensland, Australia, for a total consideration of AUD70 million.

The group will acquire Woolworths Shopping Centre and the Masters Home Improvement Store, which are located at the intersection of major arterial roads, South Pine Road and Stafford Road.

The acquisition will be funded with a combination of internal funds and bank borrowings. 

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