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Ascendas REIT To Acquire Logistics Property In Australia For $76.6 Million
Daily Bulletin | 24 December 2015
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Ascendas REIT has proposed the acquisition of a logistics property located in Sydney, Australia, for $76.6 million.

The property comprises a modern high clearance warehouse of 36,220 square metres and a freestanding two-storey office and laboratory facility of 2,359 square metres. Current tenants in the property are two government-related entities, Australia Post and New South Wales Police. The proposed acquisition will be Ascendas REIT’s 10th logistics facility in Sydney and 27th in Australia.

Ascendas REIT  3.110 +0.04 +1.30%   
Business: Co invests in the real estate markets of Singapore and Australia.

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