Ascendas reits

Ascendas Reit sells Changi warehouse to Hao Mart for S$20.3m

Ascendas Real Estate Investment Trust (Reit) is selling a two-storey ramp-up warehouse building along Changi South Street 1 to minimart chain operator Hao Mart for S$20.3 million, the fund manager announced on Monday. The sale price for 25 Changi South Street 1 is 14 per cent more than the original purchase price of S$17.8 million, and 2 per cent higher than the property's market valuation of S$19.9...

Ascendas REIT to buy business parks from CapitaLand for S$1.7 billion

Ascendas Real Estate Investment Trust said on Friday (Oct 31) it is buying 30 business parks in the United States and Singapore for about S$1.66 billion from its controlling unit holder CapitaLand. The deal marks Ascendas REIT's entry into the United States, where it is buying 28 business parks located in Raleigh, Portland and San Diego. It plans to fund the acquisition mainly through a S$1.3 billion...

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