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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.

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