CapitaLand Ascendas REIT was the top REIT disposed of by institutional investors ahead of news that it is acquiring three assets across Japan and Singapore.
The REIT recently announced a suite of acquisitions totalling approximately SGD1.4 billion spanning a logistics asset in Singapore, a prime business space property in Singapore Science Park, and a Tier III hyperscale data centre in Greater Osaka, Japan.
These acquisitions will be funded partially with proceeds from a fundraising exercise.
Related: CapitaLand Ascendas REIT launches SGD900 million fundraising to acquire three assets
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