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Ascendas-Singbridge named as buyer of Sabana Reit's Geo-Tele data centre

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The deal - for 9, Tai Seng Drive, at S$99.6 million in cash - is 2 ½ times the book value of the property, based on a valuation as at June 30.

Singapore

THE Ascendas-Singbridge Group has emerged as the buyer of Geo-Tele Centre, a day after the sale of the Tai Seng data centre was announced.

The manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) inked a conditional sale and purchase...

sentifi.com

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