Ascendas Buys Out Partner Mitsui in Galaxis Property in Singapore
Posted on 04/01/2020
Ascendas Funds Management, on behalf of Ascendas REIT, purchased a 25% equity stake in the holding entity for Galaxis from MBK Real Estate Asia, a subsidiary of Mitsui & Co. The sales price for Galaxis was 102.9 million SGD. The remaining 75% equity stake is held by a subsidiary of CapitaLand, the parent and sponsor […]
