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Merger of Ascott Reit, Ascendas Hospitality Trust makes sense, Real Estate – THE BUSINESS TIMES

Merger of Ascott Reit, Ascendas Hospitality Trust makes sense, Real Estate – THE BUSINESS TIMES

CAPITALAND’s announcement on Wednesday that it would merge Ascott Residence Trust (ART) and Ascendas Hospitality Trust (A-HTrust) should not be a surprise to market watchers, following the merger of their respective parents.

The two Reits (real estate investment trusts) had been subject…

This content was originally published here.

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