Ascott Reit and Ascendas Unit to Combine
Posted on 07/03/2019
Singapore’s CapitaLand is merging Ascott Residence Trust (Ascott Reit) and Ascendas Hospitality Trust (A-HTRUST) to form the largest hospitality trust in the Asia-Pacific region. The asset value of the combined trust would be S$ 7.6 billion, creating a portfolio of 88 properties with more than 16,000 units. CapitaLand owns about 45% and 28% of outstanding […]
