Keppel REIT (Australia) Sub-Trust 6 entered into a contract for sale to acquire Pinnacle Office Park located at Macquarie Park, New South Wales from Goodman Australia Industrial Trust No. 3, managed by Goodman Group (ASX:GMG) for approximately AUD 310 million on September 13, 2020. Keppel REIT paid deposit of AUD 15.3 million upon entry into the contract for sale, with the balance of the purchase consideration to be paid upon completion of the acquisition. Transaction is expected to be funded entirely through debt. Transaction is conditional on no objection by the Commonwealth of Australia under the Foreign Acquisitions and Takeovers Act 1975 (Cth). Transaction is expected to complete in fourth quarter of 2020. Keppel REIT (Australia) Sub-Trust 6 completed the acquisition of Pinnacle Office Park located at Macquarie Park, New South Wales from Goodman Australia Industrial Trust No. 3, managed by Goodman Group (ASX:GMG) on December 31, 2020.