News about CapitaLand Ascendas REIT —
CapitaLand Ascendas Reit enters Spain with S$185.4 million logistics portfolio acquisition
CapitaLand Ascendas Reit (Clar) made its maiden entry into the Spanish market, acquiring a portfolio of six Grade A logistics assets for S$185.4 million, the real estate investment trust’s (Reit) manager announced on Friday (Feb 27)....read more on The Business Times
The portfolio comprises two logistics assets in Madrid and four in Barcelona.
The acquisition is expected to be distribution per unit (DPU) accretive for unitholders, the Reit manager said.