SG Digest: Straits Trading to buy Adelaide property; Ascott Business Trust set up

Source: Picture of Adelaide city, South Australia (Australian Broadcasting Corporation (ABC))

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

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