Investors have also responded with “healthy demand” for the industrial S-REIT’s $500 million equity placement, says Natarajan, with the issue being 4.1 times subscribed.
CapitaLand Ascendas REIT’s (CLAR) latest proposed acquisitions are a positive move that will increase its exposure to a high-quality and in-demand data centre segment in Singapore, says RHB Bank Singapore analyst Vijay Natarajan.
CLAR announced on May 28 its plans to acquire data centres at 9 Tai Seng Drive and 5 Science Park Drive for $700.2 million.
