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Ascendas Reit takes 25% stake in Galaxis for S$102.9m

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Published Tue, Mar 31, 2020 · 09:50 PM

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    Singapore

    ASCENDAS Real Estate Investment Trust (Reit) on Tuesday said it has acquired a 25 per cent equity stake in business park Galaxis for S$102.9 million.

    As trustee of Ascendas Reit, HSBC Institutional Trust Services (Singapore) entered into a share purchase agreement with vendor MBK Real Estate Asia for the purchase of the equity stake.

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