by: Tam Ging Wien

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CapitaLand made a join announcement together with its hospitality trust – Ascott REIT (Ascott) and Ascendas Hospitality Trust (A-HTrust) in a join proposal to combine both trust and establish the largest hospitality trust in the Asia-Pacific. The combined asset value of both trusts is approximately S$7.6bil and will form the eighth largest hospitality trust in the world.

This comes shortly after market rumours that the enlarged CapitaLand would follow