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CapitaLand Ascendas REIT: Acquires 2 Assets In Singapore & Enters Japan With A Hyperscale Data Centre For S$1.4 Billion.

24 Mar 2026 11:05

CapitaLand Ascendas REIT is acquiring a 100% interest in 25 Loyang Crescent, a cluster of ramp-up logistics and industrial buildings for a purchase consideration of S$504.2 million, and a 50% interest in Ascent, a premium business space property at 2 Science Park Drive for a purchase consideration of S$245.0 million in Singapore. A global sovereign wealth fund will acquire the remaining 50% interest in Ascent. CLAR is also entering Japan through the acquisition of a 49% interest in a Tier III hyperscale data centre in Greater Osaka for a purchase consideration of S$620.7 million (JPY76.4 billion). The remaining interest in the data centre is held by a fund managed by Mitsui & Co. Realty Management Ltd, a subsidiary of Japan's leading conglomerate Mitsui & Co. Ltd...

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Source: ShareInvestor Express