Ascendas REIT property, 1 Science Park Drive. (Google Maps)Ascendas REIT property, 1 Science Park Drive. (Google Maps)

Ascendas REIT has lost the tenant at 1 Science Park Drive, but the vacancy presents a redevelopment opportunity that could increase rental rates by 4.6%.

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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.