CapitaLand Ascendas REIT raises $372m to fund acquisitions in SG, Europe

CapitaLand Ascendas REIT raises $372m to fund acquisitions in SG, Europe

CapitaLand Ascendas Reit is acquiring The Shugart for S$218.2 million from Seagate Singapore International Headquarters Pte Ltd.

CapitaLand Ascendas REIT (CLAR) has raised S$500 million (about $372 million) in its oversubscribed private placement that will partly finance its acquisitions in Singapore and Europe.

Edited by: Padma Priya