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Ascott Residence Trust to sell Guangzhou, Paris properties above book value

Citadines Didot Montparnasse Paris_Interior.jpg
For the French serviced residence, the divestment price is 69 per cent above the property's book value and 60.4 per cent higher than the acquisition price in 2010.


ASCOTT Residence Trust (ART) has entered into conditional agreements to sell Ascott Guangzhou in China and Citadines Didot Montparnasse Paris in France to two unrelated parties for S$191.4 million.

ART expects to realise total estimated net gains of S$23.2 million when...

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