Link said on Sunday it had agreed to acquire the interests in three retail assets at the heart of Sydney central business district - Queen Victoria Building, The Galeries and The Strand Arcade.

The acquisition will be funded by cash and debt, and Link's ratio of debt to total assets will increase to 21.4% from 20.1%, based on its financial position at end-March 2021.

The deal is expected to complete in the first half of 2022.

($1 = 1.3517 Australian dollars)

(Reporting by Donny Kwok; Editing by Muralikumar Anantharaman)