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Ascendas Reit buys two Australian properties for A$168m

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Published Fri, Sep 9, 2016 · 09:50 PM

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    Singapore

    ASCENDAS Reit said on Friday it has acquired a business park in Sydney for A$143.4 million (S$147.4 million). The property, located at 197-201 Coward Street, Mascot, was purchased from Frasers Property Australia.

    This follows the purchase of another Australian portfolio of 26 logistics properties by the Reit for A$1.01 billion from GIC and Frasers Property Australia in September last year.

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