Singapore: Ascendas REIT acquires One @Changi for $299m

One@Changi, owned by Ascendas Frasers. Credit:Space to Be

Ascendas Real Estate Investment Trust (A-REIT) is acquiring One@Changi City for $420 million ($299.1 million) from seller Ascendas Frasers   a 50:50 joint venture (JV) between Ascendas Development and a wholly-owned subsidiary of Frasers Centrepoint,the trust said in a filing with the Singapore exchange.

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