Reference is made to the announcement dated 30 October 2025 in relation to the Subscription. Unless otherwise stated, the terms used in this announcement shall have the same meanings as those used in the announcement made to Bursa Malaysia Securities Berhad on 30 October 2025.
The Company wishes to announce that, the Fund had on 6 May 2026 completed the acquisition of a commercial asset located at 750 Collins Street, Melbourne, VIC 3008 ("750 Collins Street") for a net purchase price AUD381 million.
750 Collins Street marks the first asset acquired by the Fund. Strategically located in a prime precinct surrounded by leading corporations, the property has a net lettable area of approximately 41,000 square meters and is currently tenanted by Monash University, one of Australia's largest universities, under a long-term 15-year lease expiring in 2035. Monash University holds an Aa1 credit rating from Moody's, reflecting the strong financial standing and credibility of the tenant.
In 2022, Monash University consolidated its central business district operations previously located at 222 Bourke, 321 Exhibition and 271 Collins Street, into a repurposed and fully fitted campus at 750 Collins Street, Melbourne, establishing 750 Collins Street as the central hub for Monash College.
While Australia office market's average vacancy rate has increased from 0.5% in 2020 to 14.8% in the first half of 2025 due to increased supply, there has been a marked uplift in prime office rental growth in Melbourne mostly driven by an acceleration of rents in core precincts. The national office pipeline is dwindling over the next five years as developers face multiple pressures including high construction costs, elevated funding costs and higher cap rates which have increased economic rents and made it significantly harder for new developments to be feasible. Combined with the expected continuation of positive absorption, this should see the national average vacancy rate fall, and rent growth strengthen further, throughout 2026 (source: Knight Frank, Australian Office Indicators, Fourth Quarter 2025 Report).
Supported by Melbourne's population growth and a high number of international students, this creates strong long-term demand for education facilities. The acquisition is anticipated to contribute positively to the Fund's performance, thereby benefiting EWIIH as the Fund's anchor investor.
This announcement is dated 6 May 2026.