CapitaLand Ascendas Real Estate Investment Trust (Clar) is planning to acquire a high-specification research and development (R&D) facility and business park property in the one-north district for S$218.2 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).