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Ascott Reit to raise S$442.7m to buy three properties

41802568 - 06_03_2017 - juascott7.jpg
A view of the Citadines City Centre Frankfurt. Ascott Residence Trust (Ascott Reit) has launched a fully underwritten renounceable rights issue to raise S$442.7 million, which will be used to buy two properties in Germany and one property in Singapore.

Singapore

ASCOTT Residence Trust (Ascott Reit) has launched a fully underwritten renounceable rights issue to raise S$442.7 million, which will be used to buy two properties in Germany and one property in Singapore.

Announcing this in a press statement last evening, Ascott Reit

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