CapitaLand Ascendas REIT Management, as the manager of CapitaLand Ascendas REIT (CLAR), has plans to acquire a portfolio of three properties in Singapore (the target portfolio) for approximately S$565.8 million ($438 million).
The seller is Vita Partners.
The target portfolio consists of 2 Pioneer Sector 1, a ramp-up logistics property; Tuas Connection, a light industrial property; and 9 Kallang Sector, a high-specifications industrial property.
William Tay, executive director and CEO of the manager said, “CLAR continues to strengthen its presence in Singapore with a total investment of approximately S$1.3 billion [$1.0 billion] in 2025. We are acquiring three high-quality properties located in key industrial and logistics hubs. These accretive acquisitions build on our recent acquisitions of a tier 3 colocation data center and a premium business space property, which were completed in August 2025. The target properties are fully occupied by reputable tenant
