Ascendas Buys Out Partner Mitsui in Galaxis Property in Singapore

Posted on 04/01/2020


Ascendas Funds Management, on behalf of Ascendas REIT, purchased a 25% equity stake in the holding entity for Galaxis from MBK Real Estate Asia, a subsidiary of Mitsui & Co. The sales price for Galaxis was 102.9 million SGD. The remaining 75% equity stake is held by a subsidiary of CapitaLand, the parent and sponsor […]

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