CapitaLand Ascendas REIT completes SGD 638.1 million purchase of two Singapore logistics properties
Bitget2026/10/29 09:24- CapitaLand Ascendas REIT completed acquisitions of two fully occupied Singapore logistics properties for S$ 638.1 million in August 2026.
- 5 Tuas Avenue 5 cost S$ 133.9 million, with completion on Aug. 17 and an expected initial NPI yield of 6.6%.
- 25 Loyang Crescent cost S$ 504.2 million, with completion on Aug. 27 and an expected initial NPI yield of 6.9%.
- Three Singapore property divestments totaling S$ 281.7 million are scheduled for fourth-quarter completion, at approximately 25% above valuation.
- New divestments include 17 Changi Business Park Central 1 for S$ 60 million and 9 Serangoon North Avenue 5 for S$ 21.3 million.
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