Ascendas REIT Buys Cold Storage Logistics Facility in Singapore

News about Ascendas REIT

Ascendas REIT is announcing the acquisition of a cold storage logistics property at 1 Buroh Lane (Singapore) for S$191.9 million. The 7 years-old property has 5 storey and is fully occupied with a WALE for 7.0 years.

The manager expects the operation to be DPU accretive.

Ascendas REIT
Price2.690 SGD
NAV2.310 SGD
Yield (4 quarters)5.75%
Gearing36.7%