Ascott Reit to acquire 7 assets in Australia and Japan for S$298.3m

Ascott Reit to acquire 7 assets in Australia and Japan for S$298.3m

Singapore-listed Ascott Residence Trust (Ascott Reit) Thursday announced that it had acquired three quality serviced residences and four rental housing properties in Australia and Japan for S$298.3 million at an EBITDA yield of 5.1%.

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