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CapitaLand Ascendas REIT Subsidiary Waterbay Investment Converts to Limited Liability Partnership

By Public Technologies
  • CapitaLand Ascendas REIT's indirect wholly owned subsidiary Waterbay Investment converted into a limited liability partnership named Ascendas REIT 9KS LLP.
  • The partnership now holds the property at 9 Kallang Sector, Singapore.
  • Ascendas REIT 9KS Trust obtained approved sub-trust status in connection with the conversion.
  • The REIT received conditional tax transparency treatment for its share of the partnership's specified taxable income through the sub-trust.


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