MJ Logipark Kazo 1. (Mitsubishi Estate Logistics REIT)

Singapore-listed Ascott Residence Trust (ART), and Japan-listed Mitsubishi Estate Logistics (MEL) REIT will be included in the FTSE EPRA NAREIT Global Real Estate Index Series from June 2020.

As a result, both ART and MEL have gained considerably in their respective unit prices, amid hopes of better visibility and trading liquidity.

ART, which has a portfolio of 88 hospitality properties across 15 countries, rose by 6.7% to finish the day at SGD1.12.

It will join the index from 22 June 2020.

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By Shariffa Al-Habshee

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