CapitaLand Ascendas REIT sells Queensland logistics property for 90 million Singapore dollars

SGX Filings11-11

CapitaLand Ascendas REIT (A17U) announced the divestment of its logistics facility at 95 Gilmore Road, Queensland, for about 90 million Singapore dollars.

The price is 9.5 % above the asset’s independent valuation of 82.2 million Singapore dollars and 17.2 % higher than the 76.8 million Singapore dollars paid at acquisition in Oct, 2015.

After divestment costs, net proceeds are estimated at 83.4 million Singapore dollars. If fully applied to debt repayment, pro-forma aggregate leverage would fall to 39.5 % from 39.8 % as at Sep, 30 2025.

Completion is expected within 4Q 2025. Post-transaction, the trust will own 228 properties, comprising 97 in Singapore, 33 in Australia, 49 in the United States and 49 in the United Kingdom/Europe.

The manager will receive a divestment fee of 0.5 % of the sale price, payable in cash. The transaction is not expected to have a material impact on net asset value or distribution per unit for the financial year ending Dec, 31 2025.

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