Ascendas Real Estate Investment Trust (A-REIT) has entered into an agreement to sell its property at 6 Pioneer Walk for S$32 million to Chasen Logistics Services, a subsidiary of Chasen Holdings. The sale price is at a 42 per cent premium over the original purchase price of S$22.5 million in 2007. A-REIT's manager, Ascendas Funds Management, said in a statement that the divestment is in-line with its...
