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CLAR acquiring a logistics portfolio in Spain for $185.4 million

The Edge Singapore
The Edge Singapore  • 2 min read
CLAR acquiring a logistics portfolio in Spain for $185.4 million
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CapitaLand Ascendas REIT (CLAR) is acquiring a logistics portfolio in Spain for $185.4 million, which is expected to be accretive to its DPU.

The portfolio comprises two Grade A logistics assets in Madrid and four logistics properties in Barcelona.

Assuming the acquisition was completed on Jan 1 2025, the DPU accretion is expected to be approximately 0.014 Singapore cents.

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