Ascendas REIT mulls options for property vacated by Hyflux subsidiary

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Ascendas REIT is presently still weighing its options with regards to the property that was previously occupied by a subsidiary of embattled water treatment company, Hyflux Limited.

In response to questions from REITsWeek, the manager of Ascendas REIT confirmed that the property, 202 Kallang Bahru, has been 100% vacated by the Hyflux subsidiary.

The property, which was previously known as Hyflux Building, was acquired by Ascendas REIT in 2005 for SGD19 million.

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