SUBSCRIBERS
Ascendas Australia Hotel Trust's purchase of Melbourne apartments axed
Published Fri, Sep 13, 2019 · 09:50 PM
Singapore
ASCENDAS Australia Hotel Trust (AAHT)'s A$120 million (S$113.2 million) acquisition of serviced apartments in Melbourne has been terminated, said Ascendas Hospitality Trust on Friday.
The trustee of AAHT had entered into a contract with UEM Sunrise (La Trobe Street) to buy the serviced apartments component of a mixed-use development at 224-252 La Trobe Street, Melbourne, as announced on Dec 3, 2015.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Foxconn’s musical chairs sound like punk rock
AI fuels cloud computing boom for tech giants
AMD slides after AI chip forecast misses lofty estimates
IBM wins reversal of US$1.6 billion poaching award to BMC
Binance founder Zhao Changpeng gets 4 months in prison
Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst