News about CapitaLand Ascendas REIT —
CapitaLand Ascendas Reit invests $1.4 billion on two Singapore assets, Japan data centre
CapitaLand Ascendas Reit (Clar) is continuing its portfolio refresh with $1.4 billion worth of acquisitions across Singapore and Japan, it said on March 24....read more on The Straits Times
In Singapore, it is set to buy all of 25 Loyang Crescent – a cluster of ramp-up logistics and industrial buildings – for $504.2 million. It has also bought a 50 per cent interest in Ascent, a premium business space property for $245 million. A global sovereign wealth fund will acquire the remainder of Ascent.