A-Reit placement

A-Reit issues $241 million worth of new units

The deal marks the first equity fundraising in the Singapore Reit sector this year and is priced at the bottom of the range for an adjusted yield of 4%.

<div style="text-align: left;"> Singapore Science Park, which is owned by A-Reit, is home to more than 350 multinationals </div>

Anette Jönsson

May 04, 2012

Singapore-listed Ascendas Real Estate Investment Trust (A-Reit) has raised S$298.5 million ($241 million) from a follow-on share placement that will be used to fund a variety of projects, including asset enhancements and the acquisition of a business property in Shanghai.

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