CapitaLand Ascendas REIT makes acquisitions in Singapore and Japan

Advancing its portfolio rejuvenation strategy, CLAR is expanding its logistics and business space presence in Singapore while marking a strategic entry into the Japanese hyperscale data centre market with three DPU-accretive transactions.

CapitaLand Ascendas REIT (CLAR) is acquiring three assets across Singapore and Japan for a total of S$1.4 billion ($1 billion), in a move that advances its portfolio rejuvenation strategy and reinforces its position as a global REIT anchored in Singapore.

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