News about CapitaLand Ascendas REIT —
CapitaLand Ascendas Reit to divest Kim Chuan Telecommunications Complex for more than twice its acquisition price
CapitaLand Ascendas Reit (Clar) is divesting Kim Chuan Telecommunications Complex, a 10-storey data centre, for about S$200.4 million to an unrelated third party....read more on The Business Times
The sale consideration is more than double the S$100 million that Clar paid for the property at 38 Kim Chuan Road when it acquired it in March 2005.