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

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A 17-storey building with business park and office space, Galaxis has a gross floor area of 68,835 sq m and a net lettable area of 60,752 sq m.

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...

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