Real Estate Digest: Ascendas REIT to buy Philips APAC Center; Prologis China fund adding five assets

Philips APAC Center

Singapore’s first listed REIT is acquiring Philips APAC Center for about $76 million while a Prologis-managed fund is adding five assets in China.

Singapore’s Ascendas REIT acquiring Philips APAC Center

Ascendas REIT, Singapore’s first and largest listed real estate investment trust, is acquiring Philips APAC Center in Toa Payoh town for S$104.8 million (about $76 million) from Philips Electronics Singapore.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter