Ascendas REIT' property in Science Park, The Kendall (Photo by Ascendas REIT)Ascendas REIT's property in Science Park, The Kendall (Photo by Ascendas REIT)

Manager of Ascendas REIT (SGX:A17U), Ascendas Funds Management (S) Limited, has appointed Miguel Ko as vice-chairman and non-executive director, the REIT disclosed on 30 December in a Singapore Exchange filing.

Ko is currently chief executive of Ascendas-Singbridge, a recently merged entity that is jointly owned by Temasek Holdings and JTC Corp. The appointment will take effect from 1 January 2016.

Present vice-chairman, Manohar Khiatani, will relinquish his vice-chairmanship on the same date but will however and remain as a non-executive director.

Units of Ascendas REIT are currently listed on the Singapore Exchange at SGD2.25.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.