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CapitaLand Ascendas REIT pays $210.2m for two new properties in Singapore
Transactions - OCTOBER 31, 2022

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CapitaLand Ascendas REIT pays $210.2m for two new properties in Singapore

by Andrea Zander

CapitaLand Ascendas REIT (CLAR) has acquired two properties in Singapore for S$296.7 million ($210.2 million).

The assets are 622 Toa Payoh Lorong 1, a six-story high-tech industrial property for S$104.8 million ($74.2 million), and 1 Buroh Lane (photo above), a class A, five-story ramp-up cold storage logistics facility for S$191.1 million ($135.4 million).

 

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