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Author: leahlim   |   Latest post: Fri, 3 Apr 2020, 3:10 PM

 

Ascendas Reit divests Changi South warehouse for $20.3 mil

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SINGAPORE (EDGEPROP) - Ascendas Real Estate Investment Trust (Ascendas Reit) has entered into a sale and purchase agreement to divest its warehouse property at 25 Changi South Street 1 for $20.3 million.
According to Ascendas Funds Management (S), the manager of Ascendas Reit, the buyer is convenience store chain Hao Mart. The two-storey, ramp-up building has a gross floor area of 150,673 sq ft, with a remaining land lease tenure of about 37 years.
 
 
 
 

 

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