Ascendas REIT inducts USD24 million Australian business park

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Ascendas REIT has completed the acquisition of an AUD33.5 million (USD24 million) property in Eagle Farm, Brisbane, Australia.

The REIT first announced the acquisition of the property, Cargo Business Park, in early-August 2018.

The property is 87.4% occupied, and the seller will provide Ascendas REIT with a 12-month rental guarantee for the vacant spaces.

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