Mirvac Group (ASX: MGR) has signed an agreement to acquire landmark site which is presently occupied by Nine Entertainment Co. in Willoughby from LEPC9 Pty Ltd.
The company also signed a deal to acquire the TX Australia transmission property which adjoins the Nine Entertainment Co. site.
The combined site spans in 3.2 hectares and will be acquired in a capital efficient manner.
MGR shares by the end of the trading session closed at $3.380, 1.502% above its previous close.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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