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Ascott Reit buys Japan property for 6.3b yen

Yield-accretive acquisition is trust's second property in Fukuoka

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Published Fri, Mar 21, 2014 · 10:00 PM

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Singapore

ASCOTT Residence Trust (Ascott Reit) has signed a deal to purchase rental housing property Infini Garden in Fukuoka, Japan, for 6.3 billion yen (S$78.4 million).

The 389-unit property was acquired from The Ascott Limited and ArcResidential Japan Investments.

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