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BRIEF-Capitaland's Ascott Residence Trust says divestment of properties in Japan
April 13, 2017 / 12:17 PM / 8 months ago

BRIEF-Capitaland's Ascott Residence Trust says divestment of properties in Japan

April 13 (Reuters) - Capitaland Ltd

* Unit entered into conditional sale and purchase agreements with Nikko Zenith GK9 and certain of its related corporations

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

* SPA to divest trust beneficiary interests of eighteen rental housing properties in tokyo, Japan under Zenith TMK’s portfolio

* Estimated net gain from sale is approximately JPY831 million Source text for Eikon: Further company coverage:

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