CapitaLand Ascandas REIT (CLAR) is annoucing the purchase of The Shugart from Seagate Singapore (a R&D facility) for S$218.2 million. The trust is also embarking on a large private placement of at least S$450 million:

The acquisition of The Shugart from Seagate Singapore is expected to be distribution per unit (DPU) accretive to unitholders, said its manager on Tuesday (May 16).

Assuming the acquisition was completed on Jan 1, 2022, DPU would increase by 0.7 per cent or 0.11 Singapore cent.