In a couple of real estate related development from Singapore, Straits Trading Company Limited has proposed to acquire a property in Adelaide, South Australia for A$44.30 million ($30.43 million) while Ascott Business Trust (ABT) has officially been set up following the merger of Ascott REIT (Ascott), and Ascendas Hospitality Trust (AHT).
Straits Trading to acquire Adelaide property for $30m
