Blackwall Property Trust (ASX:BWR) entered into an agreement to acquire a 3,450 sqm Commercial Office Building in the Hobart CBD at 162 Macquarie Street for AUD 7.8 million on January 3, 2017. The purchase will be funded in part by the AUD 12 million offer of Blackwall Property Trust's units by way of a fully subscribed rights issue which closed in early December and a wholesale/retail placement which is ongoing. The transaction is expected to settle in early February 2017.