Wing Tai acquires remaining 50% interest in 464 St Kilda for A$49.4 mil

To recap, Wingspring Trust together with Abacus 464 St Kilda Road Trust, acquired 464 St Kilda Road together in equal shares back in April 2018 for a total consideration of A$95.4 million.

The property is an office building which also provides for car parking spaces on site and at a neighbouring property.

Upon completion of this acquisition, Wingspring Trust will become the sole owner of the property.

Shares in Wing Tai closed 2 cents lower on March 31 at $1.79.