CapitaLand Ascendas REIT Management Limited, as the manager of CapitaLand Ascendas REIT (CLAR), has sold 95 Gilmore Road, a logistics property in Queensland, Australia. The sale consideration is approximately S$90 million ($69 million).
“Including this Proposed Divestment, CLAR has S$396 million [$304 million] worth of ongoing divestments expected to be completed in fourth quarter 2025. The aggregate sale … represents a premium of 6.6 percent over the independent market valuation of S$371.5 million [$385 million] and 20.4 percent to the original purchase price of S$329.0 million [$253 million]. Together with the three divestments completed earlier, these transactions amount to S$498 million [$383 million] in fiscal year 2025 and underscore our disciplined capital recycling strategy to maintain financial flexibility and liquidity for accretive investment opportunities. This approach is complemented by our portfolio reconstitution strategy to enhance CLAR’s portfolio
