A-Reit draws strong demand for $325 million placement

The proceeds from the upsized deal will be used to acquire two industrial properties.
<div style="text-align: left;"> The Aries, one of A-Reit’s properties located in Singapore Science Park II</div>
<div style="text-align: left;"> The Aries, one of A-Reit’s properties located in Singapore Science Park II</div>
March 12, 2013

Singapore-listed Ascendas Real Estate Investment Trust (A-Reit) on Friday raised S$406 million ($325 million) of fresh equity that will be used towards the funding of two new properties.

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