CapitaLand Ascendas Reit to buy Tai Seng data centre, Science Park building for S$700.2 million

News about CapitaLand Ascendas REIT
CapitaLand Ascendas Real Estate Investment Trust (Clar) has entered conditional agreements to acquire two prime properties to expand its portfolio in Singapore, particularly in the technology sector, the manager said on Wednesday (May 28).

The two properties are a Tier III colocation data centre at 9 Tai Seng Drive and a premium business space property at 5 Science Park Drive.
...read more on The Business Times
CapitaLand Ascendas REIT
Price2.470 SGD
NAV2.210 SGD
Yield (4 quarters)6.07%
Gearing42.0%