Ascendas Reit to sell Shanghai business park for S$222m
A-Reit City @ Jinqiao will be sold to unit of Vanke Property (Hong Kong) Company
Singapore
ASCENDAS Real Estate Investment Trust (A-Reit) on Thursday said its manager will sell a business park in Shanghai for a net S$222 million.
The business park, A-Reit City @ Jinqiao, will be sold to Vanke Property (Hong Kong) Company's unit, Wkland Investments II Limited.
The total consideration stands at S$228 million, and that amount includes an assignment of A-Reit's shareholder loan to its unit that o…
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