Singapore's Ascendas Reit to acquire Sydney property for $122m

Singapore’s largest listed business space and industrial real estate investment trust Ascendas Reit has proposed to acquire a Sydney-based office building for A$167.2 million ($122.3 million).

The asset, MQX4, will be bought from Frasers Property Industrial and Winten Property Group – the developers who will design and build the project.

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