CapitaLand Ascendas REIT (CLAR) has announced the acquisition of 5 Tuas Avenue 5, a modern ramp-up logistics property in Singapore, for a purchase consideration of SGD133.9 million from Hup Hin Transport Co Pte Ltd.
The deal, announced on 4 June 2026, represents a 1.5% discount to the property's independent market valuation of SGD136.0 million as at 1 February 2026.
The seven-storey building, completed in 2021, spans a gross floor area of 50,160 square metres and is currently fully occupied by four tenants, including the vendor.
Upon completion, the property will carry a weighted average lease expiry (WALE) of five years with an annual rental escalation of 2.0% under a triple net lease structure, offering CLAR a reliable and growing income stream.
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