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Market Chatter: Mirvac Group Nears AU$640 Million Stake Acquisitions in Two Prime Office Towers

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Mirvac Group (ASX:MGR) is close to acquiring 50% stakes in two prime office towers, one each in Sydney and Melbourne, from Cbus Property for nearly AU$640 million in total, The Australian reported Thursday.

The company plans to house the stakes in Sydney's 5 Martin Place and Melbourne's 171 Collins Street in its flagship office fund, according to the report.

Mirvac Group declined' request for comment on the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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