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Ascott Residence Trust to acquire $318.3 mil of assets in Australia, France, Japan, US and Vietnam

Felicia Tan
Felicia Tan8/15/2022 08:39 AM GMT+08  • 3 min read
Ascott Residence Trust to acquire $318.3 mil of assets in Australia, France, Japan, US and Vietnam
The facade of La Clef Tour Eiffel Paris in France, one of the properties to be acquired by ART. Photo: Ascott Residence Trust
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The managers of Ascott Residence Trust (ART) have proposed to acquire nine quality assets across five countries from its sponsor, The Ascott Limited.

The assets, which comprise serviced residences, rental housing and student accommodation properties, come at an estimated total capitalised cost of $318.3 million.

The assets, which total 1,018 units, are predominantly located in Asia-Pacific with seven of the assets in Australia, Japan and Vietnam. The remaining two are located in France and the US.

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