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Home / News / Reits

Ascott Residence Trust divests Somerset Xu Hui Shanghai for $215.6 mil

REITs

Ascott Residence Trust divests Somerset Xu Hui Shanghai for $215.6 mil

Felicia Tan Published on Tue, Feb 09, 2021 / 8:34 AM GMT+8

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Ascott Residence Trust has divested its 100%-owned subsidiary, Somerset Xu Hui Shanghai, for a consideration of RMB1.05 billion ($215.6 million) to an unrelated third-party on Feb 9.

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