July 1 (Reuters) - Suntec Real Estate Investment Trust SUNT.SI :
* ANNOUNCES ACQUISITION OF 100% INTEREST IN A FREEHOLD GRADE A OFFICE BUILDING IN SYDNEY
* AMOUNT PAYABLE BY SUNTEC REIT 21 TRUST FOR PROJECT IS ABOUT A$297.0 MILLION
* ESTIMATED TOTAL COST OF ACQUISITION AND SUBSEQUENT DEVELOPMENT SERVICES FOR SUNTEC REIT IS ABOUT A$307.7 MILLION
* ACQUISITION IS EXPECTED TO BE DPU ACCRETIVE; SEES INITIAL NET PROPERTY INCOME YIELD TO BE 5.5% P.A.