• Ascott Residence Trust Acquires Three Rental Housing Properties in Sapporo, Japan

    (01 Jun 2021)
    Ascott Residence Trust (ART) has entered into
    agreements to acquire three freehold rental housing properties in central Sapporo for a total of JPY 6.78 billion (S$85.2 million).

    The three properties – City Court Kita 1 jo
    (pictured), Big Palace Minami 5 jo,
    and Alpha Square Kita 15 jo – are within walking distance from
    train stations, a wide range of retail and entertainment options,
    and are either within or near the central business district.

    The average EBITDA yield of the three acquisitions is
    approximately 4% and the transactions are expected to complete by end
    June 2021.


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