The purchase consideration comprises the freehold land and development cost as well as the estimated total transaction cost of A$1.3 million which includes stamp duty, advisory fees, and acquisition fees payable to the manager in cash.
SINGAPORE (Oct 3): The manager of Ascendas REIT (AREIT) has agreed to purchase the freehold land and the subsequent development of the suburban office building in Melbourne, Australia, for A$110.9 million ($104.4 million).
Located at 254 Wellington Road, the seller is ESR FPA (Wellington Road) and the property will be its fourth suburban office in the city.
