CapitaLand Ascendas Reit invests $1.4 billion on two Singapore assets, Japan data centre

CapitaLand Ascendas Reit invests $1.4 billion on two Singapore assets, Japan data centre

The Reit is launching a preferential offering to raise $900 million. Read more at straitstimes.com.

CapitaLand Ascendas REIT buys S$1.4bn assets, enters Japan

CapitaLand Ascendas REIT to buy Singapore and Osaka assets for SGD $1.4 billion, boosting logistics, business space and data centres.

CapitaLand Ascendas Reit buys two Singapore industrial assets and Japan data centre for $1.4 bil

CapitaLand Ascendas Reit (CLAR) has announced the acquisition of three industrial assets across Singapore and Japan for $1.4 billion. Two of the assets are in Singapore. CLAR is buying a 100% stake in 25 Loyang Crescent, a cluster of ramp-up logistics and industrial buildings, for $504.2 million, including an upfront land premium of $46.35 million.   It is also acquiring a 50% interest in Ascent, a business park at 2 Science Park Drive, for $245…