Ascendas REIT is further expanding its footprint Down Under, while increasing its exposure to the suburban office market.

The industrial-heavy REIT has announced the acquisition of an office property that will be constructed at 254 Wellington Road in Melbourne for AUD110.9 million (SGD102 million).

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.