Ascendas REIT's property in Changi Business Park, One@Changi City. (Photo: REITsWeek)Ascendas REIT's property in Changi Business Park, One@Changi City. (Photo: REITsWeek)

CapitaLand Ascendas REIT was the top Singapore Exchange (SGX)-listed REIT disposed of by institutional investors last week.

The fund outflow came amid reports that leasing volumes for Singapore industrial spaces have fallen for the first time in 11 years.

CapitaLand Ascendas REIT is a Singapore-heavy landlord, with a portfolio of mostly industrial spaces across the country.

Related: CapitaLand’s flagship REIT sees SGD21.5 million outflow of institutional funds


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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.