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CapitaLand Ascendas REIT: Strengthens Presence In Singapore With A DPU-Accretive Acquisition Of A Logistics Asset For S$133.9 Million.

04 Jun 2026 14:29

CapitaLand Ascendas REIT is acquiring 5 Tuas Avenue 5 in Singapore, for a purchase consideration of S$133.9 million from Hup Hin Transport Co Pte Ltd. The property is a modern ramp-up logistics asset that was completed in 2021. The purchase consideration of approximately S$133.9 million was negotiated on a willing-buyer and willing-seller basis, and is payable in cash. It is a 1.5% discount to the independent market valuation of S$136.0 million as at 1 February 2026...

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Source: ShareInvestor Express