News about CapitaLand Ascendas REIT —
CapitaLand Ascendas REIT to acquire a Class A logistics property, through a sale and leaseback from DHL, for S$94.5 million
CapitaLand Ascendas REIT Management Limited, as the manager (the Manager) of CapitaLand Ascendas REIT (CLAR) is pleased to announce the acquisition of DHL Canal Winchester, a modern Class A logistics property in Columbus, Ohio, the United States (US), for S$94.5 million (US$73.8 million) (the Purchase Consideration). Upon completion of the acquisition, Exel Inc. d/b/a DHL Supply Chain (USA) (DHL), a global leader in the logistics industry, will enter into a long-term leaseback of the property....read more on capitaland.com