Singapore-based urban development and business space solutions provider Ascendas-Singbridge Group has launched its fifth office fund through its subsidiary Ascendas Asset Management Co Ltd, according to an official statement.
The fund, named Ascendas Korea Office Qualified Private Real Estate Investment Trust No 5 (AKOPREIT5), is a 10-year closed private fund with an equity of S$39.6 million. The fund was officially launched on September 28, 2017.
