BlackRock’s deemed interest in Ascendas REIT has decreased by 4,552,223 units, the global investment management firm disclosed on 2 February.
The reduction came about as a result of collateral movement by a subsidiary that it has indirect control over, and was effected on 31 January, according to disclosure documents filed by BlackRock.
As a result of the reduction, BlackRock’s deemed stake in Ascendas REIT has now decreased to 168.8 million units representing a stake of 5.86%, down from 173.4 million units or a stake of 6.02% previously.
Ascendas REIT is a Singapore-listed industrial REIT with a portfolio of 129 properties across the republic and Australia, featuring a total book value of about SGD9.7 billion (USD6.9 billion).
Units of Ascendas REIT finished the trading day about 2.4% lower from its previous close on the Singapore Exchange to end at SGD2.42.