![Stamford Land's proposed disposal of Sir Stamford in Sydney unable to proceed [update]](https://edgemarkets-transferred.s3-ap-southeast-1.amazonaws.com/styles/article_detail_v2/s3/Sir%20Stamford%20at%20Circular%20Quay_0_0_2.jpeg?NADmAXuI0e56Jexbn4KTerqb2BD.SdKJ)
The replacement contract was entered into on Sept 23, where a valid binding agreement for the sale and purchase of the property was formed by both companies.
Under the new agreement, the property will be sold at a consideration of A$210.5 million ($197.3 million) with the same terms as the property sale agreement that was entered into on Aug 23.
Shares in Stamford Land closed 0.5 cent higher or 1.41% up at 36 cents on Dec 27.
/Update
See also: Warburg Pincus announces rental housing and specialist asset acquisitions in Japan
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The acquisition was completed on Jan 19, 2023.
