Ascott Reit, Ascendas Trust propose merger to create APAC's largest hospitality trust

Ascott Reit, Ascendas Trust propose merger to create APAC's largest hospitality trust

Ascott Reit’s Ascott Orchard Singapore is located in Singapore’s world-renowned shopping belt Orchard Road. It is a few minutes’ walk from Orchard as well as Somerset Mass Rapid Transit stations with easy access to the Central Business District, world-class shopping malls and premium medical facilities.

Singapore-listed real estate investors Ascott Resident Trust (Ascott Reit) and Ascendas Hospitality Trust (A-HTRUST) have announced a merger proposal to potentially create Asia Pacific’s largest hospitality trust with an asset value of S$7.6 billion ($5.6 billion).

The proposed combined entity, which will be the eighth largest in the world, will also become the seventh largest trust listed on the Singapore Exchange by asset value, according to a joint statement.

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