MJ Logipark Kazo 1. (Mitsubishi Estate Logistics REIT)

Singapore-listed Ascott Residence Trust (ART), and Japan-listed Mitsubishi Estate Logistics (MEL) REIT will be included in the FTSE EPRA NAREIT Global Real Estate Index Series from June 2020.

As a result, both ART and MEL have gained considerably in their respective unit prices, amid hopes of better visibility and trading liquidity.

ART, which has a portfolio of 88 hospitality properties across 15 countries, rose by 6.7% to finish the day at SGD1.12.

It will join the index from 22 June 2020.


Dear subscribers, please login to continue reading this article.

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.