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Ascendas Real Estate Investment Trust (AEMN.SI)

AEMN.SI on Stock Exchange of Singapore

3.01SGD
10 Dec 2019
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Fri, Nov 1 2019

Singapore's Ascendas REIT to buy business parks from CapitaLand for $1.2 billion

SINGAPORE Ascendas Real Estate Investment Trust said on Friday it is buying 30 business parks in the United States and Singapore for about S$1.66 billion ($1.22 billion) from its controlling unit holder CapitaLand Ltd .

UPDATE 1-Singapore's Ascendas REIT to buy business parks from CapitaLand for $1.2 bln

* Deal for 28 properties in U.S., two in Singapore (Adds details on rights issue)

Singapore's Ascendas REIT to buy business parks for $1.2 bln

SINGAPORE, Nov 1 Ascendas Real Estate Investment Trust said on Friday it is buying 30 business park properties in the United States and Singapore for about S$1.66 billion ($1.22 billion) from its controlling unitholder CapitaLand Ltd.

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