Ascendas Reit buys 25% stake in business park property for $102.91m

Submitted By:  Clarist Zablan Case Study:  No The property has a gross floor area of 68.835 sqm. Ascendas Reit has acquired a 25% equity stake in the holding entity of business park property Galaxis for $102.91m, according to a press release. It was bought from MBK Real Estate Asia, a wholly-owned subsidiary of Japan-based trading company Mitsui & Co. read more