Ascott REIT divests Raffles Place Singapore asset for $260m

Ascott REIT divests Raffles Place Singapore asset for $260m

Singapore-based Ascott Resident Trust (Ascott REIT) on Wednesday announced it has entered into an agreement to divest Ascott Raffles Place Singapore to an undisclosed third party for S$353.3 million ($260 million), according to a statement.

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