Ascendas REIT property known as Unit 2, Wellesbourne Distribution Park. (Photo: Wellesbourne Distribution Park)

Ascendas REIT has completed the acquisition of 26 more industrial properties across the United Kingdom.

The acquisition, which was first announced in September 2018, will bolster the Singapore-listed REIT’s footprint in the country amid an anticipated rise in demand for logistics services there.

Ascendas REIT acquired its first portfolio of logistics properties in the UK, which comprises of 12 logistics facilities across the country, in mid-2018.

Read: Ascendas REIT makes foray into United Kingdom with 12-property acquisition

To read the full article, please login or subscribe.

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.