Singapore’s Ascott Residence Trust sells properties in China, France for $138m

Singapore’s Ascott Residence Trust sells properties in China, France for $138m

Beh Siew Kim, Chief Executive Officer of the Managers of ART.

Singapore-listed Ascott Residence Trust (ART), one of the largest hospitality trusts in the Asia Pacific, is divesting its interest in two properties – Ascott Guangzhou in China and Citadines Didot Montparnasse in Paris – for a total of about S$191.4 million ($138 million), according to a filing.