Ascott Reit keeps faith with London

Singapore

ASCOTT Residence Trust said London will remain a key global city despite the Brexit vote, and that it would seek out acquisitions in developed markets.

This comes as it reported on Wednesday a 2 per cent rise in distribution per unit (DPU) for the second quarter from a year ago. DPU for the three months ended June 30 stood at 2.13 Singapor…