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Ascott Reit buys Japan property for 6.3b yen
Yield-accretive acquisition is trust's second property in Fukuoka
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.
The Ascott Limited, a CapitaLand unit, set up Ascott Reit in 2006. Ascott Reit's manager, Ascott Residence Trust Management Limited, is itself w…
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