The Business Times
SUBSCRIBERS

Ascott Residence Trust buys Sydney serviced apartments for A$46m

Vivienne Tay

Vivienne Tay

Published Thu, Mar 12, 2020 · 09:50 PM

    Singapore

    ASCOTT Residence Trust (ART) has bought Quest a serviced apartments property in Sydney for A$46 million (S$41.5 million), which reflects a yield of 5.5 per cent.

    The Quest serviced residence, in Sydney's second-largest business district of Macquarie Park, will be under a master lease agreement and will add to ART's stream of stable income, said Beh Siew Kim, chief executive of ART's managers, on Wednesday.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    ascott residence trustSavills

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More