Ascott Residence Trust grabs China’s Wangze Dalian

The acquisition is finally complete.

The Ascott Residence Trust Management Limited announced on Friday that it has completed its acquisition of Wangze Dalian Enterprise Co. Limited.

Wangze Dalian owns a serviced residence property located at 128-2 Jinma Road, Dalian Development Area, Dalian, China.

“Ascott Residence Trust Management Limited, as manager of Ascott Residence Trust refers to its announcement made on 20 February 2014 in relation to the acquisition of the entire interest in Wangze (Dalian) Enterprise Co., Limited which in turn owns a serviced residence property located at 128-2 Jinma Road, Dalian Development Area, Dalian, the People’s Republic of China.
The Manager wishes to announce that the acquisition of Wangze Dalian was completed today.
Following the Completion, Wangze Dalian has become a wholly-owned subsidiary of Ascott REIT.”