Ascendas REIT $937.6 million acquisition of business park properties

2/1/2020

Asset acquisition, Real estate acquisition

Value:

$ 937.6 million

Status:

Completed

Date:

2/1/2020

Overview:

Ascendas REIT, Singapore’s first and largest listed business space and industrial REIT, has acquired 28 business park properties in the United States of America for $937.6 million.
This marks Ascendas REIT's first foray into the USA.

Shah Shameer Ahmed - Researcher

Jurisdictions:

United States
Singapore

Deal types:

Asset acquisition
Real estate acquisition

Practice area:

M&A

Industry sector:

Real estate

Firm:

Allen & Gledhill

Party: Ascendas Funds Management (REIT Manager , Acquirer)

Lawyers: Jerry Koh, Yuen Ping Foong

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