Galaxis, partly owned by Ascendas REIT. (Photo: Google Maps)Galaxis, partly owned by Ascendas REIT. (Photo: Google Maps)

Ascendas REIT will be issuing 142,664,000 new units to selected investors as part of its plans to acquire the balance 75% stake in 1 Fusionopolis Place.

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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.