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Ascott REIT divests Ascott Raffles Place for $353.3 mil; 64% above book value

Samantha Chiew
Samantha Chiew • 1 min read
Ascott REIT divests Ascott Raffles Place for $353.3 mil; 64% above book value
SINGAPORE (Jan 9): Ascott Residence Trust (Ascott REIT) on Wednesday entered into a sale and purchase agreement to divest Ascott Rafles Place Singapore for a consideration of $353.3 million.
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