Ascott Raffles Place

Update

Ascott Raffles Place divestment in line with market & legal practices, maintains REIT manager

SINGAPORE (Jan 22): The manager of Ascott Residence Trust (Ascott REIT) has filed a clarification letter to the Singapore Exchange (SGX) in response to a letter published in the forum of The Straits Times on Monday, which questioned the gap between the va

Broker's Calls

Is Ascott Residence Trust's Raffles Place divestment a bane or a boon?

SINGAPORE (Jan 10): OCBC Investment Research is upgrading its call on Ascott Residence Trust (Ascott REIT) to “buy” from “hold” upon raising its fair value estimate for the REIT to $1.18.

M&A

Ascott REIT divests Ascott Raffles Place for $353.3 mil; 64% above book value

SINGAPORE (Jan 9): Ascott Residence Trust (Ascott REIT) on Wednesday entered into a sale and purchase agreement to divest Ascott Rafles Place Singapore for a consideration of $353.3 million.
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