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Ascendas Reit buys two Australian properties for A$168m

Saturday, September 10, 2016 - 05:50

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ACQUIRED. . . 197-201 Coward Street (above) and Stage 4, Power Park Estate

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ACQUIRED. . . 197-201 Coward Street and Stage 4, Power Park Estate (above)

Singapore

ASCENDAS Reit said on Friday it has acquired a business park in Sydney for A$143.4 million (S$147.4 million). The property, located at 197-201 Coward Street, Mascot, was purchased from Frasers Property Australia.

This follows the purchase of another Australian portfolio

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