$CapLand Ascendas REIT(A17U.SI)$
CapitaLand Ascendas REIT (CLAR) is proposing to acquire 9 Tai Seng Drive and 5 Science Park Drive for a total purchase consideration of $700 million.
The sum comprises the estimated consideration of $471 million for 9 Tai Seng Drive, a Tier III colocation data centre, and $245 million for 5 Science Park Drive, a premium business space property. The acquisitions are expected to cost CLAR a total of $724.6 million including fees.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
Great article, would you like to share it?
Great article, would you like to share it?