Ascendas Australia Hotel Trust's purchase of Melbourne apartments axed
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Claudia Chong
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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.
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