Ascendas Real Estate Investment Trust (A-REIT) has reported a 10.3 per cent on-year increase in Distribution per Unit (DPU) to 3.53 cents for its first quarter ended 30 June 2012. In a filing on the Singapore Exchange, A-REIT said its DPU grew despite a 7.5 per cent increase in units outstanding. The amount available for distribution increased 16.1 per cent to S$76.5 million in Q1. For the first...
Ascendas Reit
Ascendas Real Estate Investment Trust (A-REIT) has entered into an agreement to sell its property at 6 Pioneer Walk for S$32 million to Chasen Logistics Services, a subsidiary of Chasen Holdings. The sale price is at a 42 per cent premium over the original purchase price of S$22.5 million in 2007. A-REIT's manager, Ascendas Funds Management, said in a statement that the divestment is in-line with its...
Ascendas Real Estate Investment Trust said on Thursday it has completed the acquisition of four industrial properties in Singapore for a total cost of S$185.5 million. The properties - named Cintech 1 to 4 - are located at Singapore Science Park I in the island nation's south, and were paid for with cash from internal resources and the drawing down of existing debt facilities, the trust said in a...
Ascendas REIT said it will be developing a centre for Unilever Asia Private at an estimated development cost of S$32.3 million. This is excluding the S$26.4 million premium for the underlying land located at Nepal Park. In a filing to the Singapore Exchange (SGX), A-REIT said that in addition, the property - called Unilever Four Acres Singapore - will enlarge its presence in One-North. Specifically, it...
Ascendas Group is considering listing a yuan-denominated real estate investment trust as a way of exiting some of its property funds, its chief executive Chong Siak Ching said yesterday. A yuan REIT is "one of the options, and I'm sure many people are also looking at that as an opportunity", she said. The group is also open to other options apart from a yuan REIT, with China, Hong Kong or Singapore being...
Ascendas Real Estate Investment Trust (A-REIT) on Monday said its first-quarter distribution per unit fell 5 per cent. This is mainly due to an increase in the number of units outstanding, after new units were issued earlier this year. The trust said the number of units outstanding had risen over 11 per cent from the previous quarter, as a result of new units issued in April and June. Unit holders will...
JTC Corporation has awarded the tender for the business park site at Fusionopolis to Ascendas Real Estate Investment Trust (A-REIT) for S$110 million. Mr Tan Ser Ping, Executive Director and CEO of A-REIT, said the site will be developed into a modern suburban business space facility. The manager of A-REIT said the development is expected to be completed in the third quarter of financial year 2013/2014,...
Mainboard-listed Ascendas REIT (A-REIT) has submitted a S$110 million bid for a business park site at Fusionopolis. A-REIT said this property, together with its existing properties within the one-north region and the neighbouring Science Park I and II, will enhance its market leadership position in the Business & Science Parks segment. The trust is planning to develop the business park site into a...
Ascendas Real Estate Investment Trust (A-REIT) has posted a full-year distribution per unit of 13.23 cents, which is a one per cent increase from a year ago. A-REIT said the total amount available for distribution was up by 5.6 per cent to S$248 million. Gross revenue rose 8.2 per cent to S$447.6 million, contributed mainly by new investments and increase in occupancy rates. However, the increase was...
Mainboard-listed Ascendas Reit or A-Reit has acquired Neuros & Immunos, a science park property at Biopolis for S$125.6 million. A-REIT said the acquisition will strengthen its leadership position in the business & science park segment while providing a stable stream of income as the properties enjoy 100 per cent occupancy. Strategically located at Biopolis, the bio-medical research hub at...