CapitaLand Ascendas REIT (CLAR) has announced the acquisition of a portfolio of six Grade A logistics properties in Spain.
The assets are being acquired by the REIT for a gross purchase consideration of SGD185.4 million (EUR124.0 million), representing a 5.9% discount to the portfolio's independent valuation of SGD197.0 million (EUR131.7 million).
The deal, announced on 27 February 2026, marks CLAR's entry into Spain and deepens its logistics footprint across Europe.
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