SG Digest: CDLHT divests Brisbane hotels for $59.4m; Ascendas Reit seals $93m deals

Source: Ibis Brisbane

CDL Hospitality Trusts, and Ascendas Real Estate Investment Trust, both nailed separate property divestment and acquisition deals in Singapore and Australia on Friday (December 22).

Singapore: CDLHT divests Brisbane hotels for $59.4m

Singapore-listed CDL Hospitality Trusts (CDLHT) has divested its real estate assets Mercure Brisbane and Ibis Brisbane hotels in Australia for up to $59.4 million (A$77 million).

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