May 30, 2017 / 3:12 PM / 2 months ago

BRIEF-Ascendas Real Estate Investment Trust divests 10 Woodlands Link

1 Min Read

May 30 (Reuters) - Ascendas Real Estate Investment Trust

* Ascendas Reit Divests 10 Woodlands Link

* Hsbc Institutional Trust Services (singapore) entered into sale & purchase agreement with Sengkang Import & Export Pte

* Agreement for sale of 10 Woodlands Link for s$19.28 million

* Proposed divestment not expected to have any material effect on co's net asset value and dpu for fy17/18

* Net proceeds after divestment costs are expected to be s$18.9 million

* Transaction is expected to be completed by q3 of 2017 Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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