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A-Reit to buy 3 Science Park buildings for S$420m

Consideration to be paid in cash and equity, subject to shareholders' approval

Published Mon, Dec 5, 2016 · 09:50 PM

Singapore

ASCENDAS Real Estate Investment Trust (A-Reit) plans to acquire the DSO National Laboratories buildings and DNV GL Technology Centre at Science Park Drive for S$420 million in cash and equity, the manager of the business space and industrial property trust said on Monday.

Of the purchase consideration, S$100 million will be paid in new units …

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