Link Real Estate Investment Trust (SEHK:823) signed a contract to acquire a 50% stake in Queen Victoria Building for approximately AUD 280 million on November 5, 2021. In related transactions, Link Real Estate Investment Trust signed contracts to acquire 50% stakes in The Strand Arcade and The Galeries?for approximately AUD 110 million and approximately AUD 150 million respectively. Link Real Estate Investment will fully fund the acquisition through its cash resources and debt facilities. The property generates a net passing income of approximately AUD 31.3 million. The transaction is subject to FIRB approval and satisfaction or waiver of the conditions in the interdependent contracts of sale and is expected to complete in the first half of 2022. The acquisition is not expected to have any material adverse impact on the financial position of Link Real Estate. Herbert Smith Freehills acted as legal advisor to Link Real Estate Investment Trust (SEHK:823).