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Ascott Reit acquiring 7 assets in Australia, Japan for S$298.3m

Ebitda yield of 5.1% for three serviced residences and four rental housing properties

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Ascott Reit will acquire the 380-unit Citadines on Bourke Melbourne (above) from its sponsor, The Ascott Limited (Ascott), for A$158.5 million. It will also acquire from Ascott - CapitaLand's wholly owned serviced residence business unit - the remaining 40 per cent interest in the 160-unit Citadines Shinjuku Tokyo for 3.04 billion yen

BT_20150626_FLASCOTT2661L5_1741519.jpg
Ascott Reit will acquire the 380-unit Citadines on Bourke Melbourne from its sponsor, The Ascott Limited (Ascott), for A$158.5 million. It will also acquire from Ascott - CapitaLand's wholly owned serviced residence business unit - the remaining 40 per cent interest in the 160-unit Citadines Shinjuku Tokyo (above) for 3.04 billion yen

Singapore

ASCOTT Residence Trust (Ascott Reit) is looking to acquire three serviced residences and four rental housing properties in Australia and Japan for S$298.3 million at an Ebitda (earnings before interest, taxes, depreciation and amortisation) yield of 5.1 per cent.

Ascott

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