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.

During the trading period that began on 16 October, the REIT saw an SGD32.2 million net outflow of institutional funds.

CapitaLand Ascendas REIT is a Singapore-heavy REIT that owns a portfolio of mostly high-tech industrial assets.

Related: Two CapitaLand REITs see SGD31 million inflow of retail 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.