CICT to acquire a 50% stake in 101-103 Miller Street and Greenwood Plaza for $303m.

CICT, a real estate investment trust, to acquire a 50% stake in 101-103 Miller Street and Greenwood Plaza in North Sydney Central Business District for $303m. "We are pleased to acquire a 50.0% interest in 101 Miller Street and Greenwood Plaza, which is one of the most prominent integrated developments with a Premium Grade office tower and high quality retail in North Sydney CBD. The Proposed Acquisition marks another step forward in CICT’s portfolio reconstitution journey to drive sustainable growth and diversify income sources through accretive acquisitions and recycling capital to higher yielding assets," Tony Tan, CEO of CICT.