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CapitaLand Malls /
Posted 5 months ago

📢 Unitholders of #AscottReit : To proactively reconstitute its portfolio and optimise returns for Unitholders, Ascott Reit is divesting Ascott Raffles Place Singapore for S$353.3 million. The sale price is 64.3% above the property’s latest valuation and Ascott Reit is expected to realise an estimated net gain of S$134 million, giving it the financial flexibility to invest in new accretive opportunities. Ascott Reit’s other operational properties in Singapore are Ascott Orchard Singapore, Citadines Mount Sophia Singapore and Somerset Liang Court Singapore, as well as lyf one-north Singapore which will open in 2021. More at http://bit.ly/ARTdivestsFB 🤳🏻 #REIT #SREIT #invest #hospitality #lodging #Singapore

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