Ascendas Real Estate Investment Trust is acquiring the [email protected]
The REIT will acquire the property from a joint venture between Ascendas Development and Frasers Centrepoint, the report said, citing a company statement Wednesday.
After completion of the acquisition, Ascendas REIT will own 103 properties in Singapore, 26 properties in Australia and 2 properties in China.
In September, the REIT agreed to purchase a portfolio of 26 logistics properties in Australia from the real estate arm of Singapore sovereign wealth fund GIC and Frasers Property Australia.
– Contact us at [email protected]