Commercial property manager Ascendas has announced that its China Commercial Fund has bought a building in Shanghai. Ascendas did not disclose the price it paid, citing a non-disclosure agreement. It only said that, with the acquisition of Cross Tower, the $800 million fund was fully-invested Cross Tower joins two other properties in prime business areas acquired by the fund: Ascendas Plaza at Xu Jia Hui...
Ascendas
Office park developer Ascendas is taking full control of the manager of Ascendas Real Estate Investment Trust (A-REIT). Under a deal announced on Wednesday, Ascendas is buying over the 40 percent stake in Ascendas-MGM Funds Management Limited that is now held by Goodman Group. Upon completion of the sale, Ascendas-MGM Funds Management Limited will become a wholly-owned subsidiary of Ascendas, and will be...
BBR Holdings has won a S$95 million contract to build two office tower blocks at the International Business Park in Jurong East. Piling works will begin next month and the project is expected to be completed by August next year. The latest award from Ascendas adds to BBR's current order book of nearly S$423 million. The project will feature two 12-storey tower blocks linked by a sky-bridge at the 10th...