CapitaLand Ascendas REIT (CLAR) is embarking on its maiden logistics development venture in the United Kingdom with a total investment of SGD350.1 million, marking a significant expansion of the Singapore-listed REIT’s presence in one of Britain's key logistics markets.
The proposed acquisitions announced by the REIT on 11 August 2025 involve two freehold land plots in the East Midlands where four new logistics properties will be developed.
The developments comprise one property at Manton Wood in Worksop, Nottinghamshire, and three properties at Towcester in Northampton West.
William Tay, Executive Director and Chief Executive Officer of CapitaLand Ascendas REIT Management Limited, said: "Embarking on our inaugural logistics developments in the UK marks a significant step forward in our strategy to scale up CLAR's UK logistics portfolio”.
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