COMPANIES & MARKETS

Ascendas Australia Hotel Trust's purchase of Melbourne apartments axed

Singapore

ASCENDAS Australia Hotel Trust (AAHT)’s A$120 million (S$113.2 million) acquisition of serviced apartments in Melbourne has been terminated, said Ascendas Hospitality Trust on Friday.

The trustee of AAHT had entered into a contract with UEM Sunrise (La Trobe Street) to…

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Ascendas Australia Hotel Trust's purchase of Melbourne apartments axed

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