Home News REITs

Ascendas REIT completes acquisition of Australian suburban office for A$105.8 mil

Felicia Tan
Felicia Tan9/11/2020 05:59 PM GMT+08  • 1 min read
Ascendas REIT completes acquisition of Australian suburban office for A$105.8 mil
The total cost of the acquisition, which is subject to adjustments, stood at A$105.8 million ($101.9 million).
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The manager of Ascendas REIT (A-REIT) has completed the acquisition of a suburban office building at 254 Wellington Road in Melbourne, Australia on September 11.

The total cost of the acquisition, which is subject to adjustments, stood at A$105.8 million ($101.9 million). The sum is made up of the purchase consideration of A$104.5 million and A$1.3 million in transaction costs.

The initial purchase consideration was thought to be at A$110.9 million ($104.4 million) when the acquisition was first announced in Oct 3, 2019.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.