Ascott Residence Trust (ART) is acquiring three freehold rental housing properties in central Sapporo for JPY6.78 billion ($85.2 million).

The properties comprise a total of 411 units and will increase ART’s portfolio in Japan to over 4,500 units in 22 serviced residences, hotels and rental housing properties across nine cities. Post-completion, ART will have 14 rental housing properties in Japan, including four in Sapporo.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook