1 Buroh Lane. (Ascendas REIT)1 Buroh Lane. (Ascendas REIT)

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

The REIT saw an SGD7.2 million net outflow of institutional funds during the trading period that began on 4 December.

CapitaLand Ascendas REIT is an industrial landlord that owns a portfolio of mostly high-tech manufacturing spaces and data centres, the majority of which are located in Singapore.

Related: CapitaLand Ascendas REIT sees SGD16.1 million outflow 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.