Reuters logo
4 months ago
BRIEF-Ascott Residence Trust Management announces divestment of eighteen rental housing properties in Japan
April 13, 2017 / 11:42 AM / 4 months ago

BRIEF-Ascott Residence Trust Management announces divestment of eighteen rental housing properties in Japan

April 13 (Reuters) - Ascott Residence Trust Management Limited

* Ascott REIT through its unit entered into conditional sale and purchase agreements with Nikko Zenith Gk9 and certain related corporations

* Aggregate purchase consideration under sale and purchase agreements for TBI of properties is JPY12.0 billion

* Net sale proceeds may be used for asset enhancement, funding potential acquisitions Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below