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BRIEF-Ascott Residence Trust announces use of preceeds from S$442.7 million rights issue
March 6, 2017 / 3:03 PM / in 8 months

BRIEF-Ascott Residence Trust announces use of preceeds from S$442.7 million rights issue

March 6 (Reuters) - Ascott Residence Trust

* Proceeds will be used to partly fund Ascott Reit’s acquisition of its first property in Frankfurt and its second in Hamburg from Ascott Limited

* Ascott reit launches s$442.7 million rights issue to acquire its first Frankfurt property and expand in Hamburg and Singapore Source text for Eikon: Further company coverage:

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