Singapore’s first listed REIT is acquiring Philips APAC Center for about $76 million while a Prologis-managed fund is adding five assets in China.
Singapore’s Ascendas REIT acquiring Philips APAC Center
Ascendas REIT, Singapore’s first and largest listed real estate investment trust, is acquiring Philips APAC Center in Toa Payoh town for S$104.8 million (about $76 million) from Philips Electronics Singapore.