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Transactions - SEPTEMBER 7, 2018

Singapore’s Ascendas-Singbridge enters U.S. property market

by Andrea Zander

Ascendas-Singbridge Group has entered the U.S. market by acquiring a portfolio of 33 high-quality office properties, totaling 3.3 million square feet, located in three cities, according to media outlets.

The properties in Portland, Raleigh and San Diego are built on freehold land and are centrally located near major freeways, airports and mass transit, as well as retail outlets and amenities, according to its statement on Friday morning.

Ascendas-Singbridge did not disclose the deal value.

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