October 27, 2016 / 9:41 AM / 3 years ago

BRIEF-Ascendas Real Estate Investment Trust enters sale and purchase agreement

Oct 27 (Reuters) - Ascendas Real Estate Investment Trust

* Entered into a sale and purchase agreement with Wkland Investments II Limited and Vanke property

* Ascendas real estate investment trust - agreed attributable value of property is S$221.6 million

* Aggregate consideration is approximately S$228.1 million

* Ascendas Real Estate Investment Trust -pursuant to deal trustee has agreed to sell, all of ascendas reit’s equity interest in Shanghai (JQ) investment holdings

* Proposed divestment is expected to complete in 3Q FY16/17 Source text for Eikon: Further company coverage:

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