Ascott Residence Trust and Ascendas Hospitality Trust combining to form S$7.6 bil behemoth

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SINGAPORE (July 3): Ascott Residence Trust (ART) and Ascendas Hospitality Trust (AHT), both members of the CapitaLand group after its acquisition of Ascendas-Singbridge, are proposing a deal which will result in the combination of both entities into one.

The combined entity will become the largest hospitality trust in Asia Pacific and the 8th largest globally, with an asset value of S$7.6 billion.

It will also become the seventh largest trust listed on the Singapore Exchange by asset value.

The total consideration of the deal is S$1.235 billion, comprising S$61.8 million in cash and...(click on link for full story on theedgesingapore.com)