Brief: Capitaland Ascendas REIT Divests Three Properties In Australia

CapitaLand Ascendas REIT

20/12/2023 10:21

Dec 20 (Reuters) - CapitaLand Ascendas REIT  CAPD.SI :
    * CAPITALAND ASCENDAS REIT DIVESTS THREE PROPERTIES IN
AUSTRALIA
AT A PREMIUM TO VALUATION
    * TOTAL SALE CONSIDERATION FOR THIS TRANSACTION AMOUNTS TO
S$64.2
MILLION
    * PROPOSED DIVESTMENT IS EXPECTED TO COMPLETE WITHIN Q1 OF
2024
    * SALE CONSIDERATION REPRESENTS PREMIUM OF 6.2% OVER TOTAL
MARKET
VALUATION OF PROPERTIES OF S$60.4 MILLION AS AT 31 AUG 2023
    * SALE OF THREE LOGISTICS PROPERTIES, 77 LOGISTICS PLACE, 62
SANDSTONE PLACE AND 92 SANDSTONE PLACE LOCATED IN QUEENSLAND

Source text for Eikon:  ID:nSN1h3FM6 
Further company coverage:  CAPD.SI 

 ((Reuters.Briefs@thomsonreuters.com;))