Ascendas Funds Management, the manager of Ascendas Real Estate Investment Trust (Ascendas REIT), announced on 27 October 2016, Thursday, of the proposed divestment of A-REIT City @ Jinqiao in Shanghai for approximately S$228.1 million ($163.5 million) to Wkland Investments II Limited and Vanke Property (Hong Kong) Company Limited.
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