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Ascendas REIT is buying new Aussie logistics property for $69.1 mil

Jeffrey Tan
Jeffrey Tan • 1 min read
Ascendas REIT is buying new Aussie logistics property for $69.1 mil
According to Ascendas REIT, the property is in Crestmead, which is about 32 km south of the Brisbane CBD.
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Ascendas Real Estate Investment Trust (Ascendas REIT) has proposed to acquire a new logistics property that will be developed in Brisbane for $69.1 million.

This comes after Ascendas REIT completed the acquisition of the land today.

The proposed acquisition will be funded through internal resources and/or existing debt facilities.

TAGS
Ascendas Real Estate Investment Trust (Ascendas REIT)
Goodman Property Services (Aust)
William Tay
Crestmead
interstate
intrastate
metropolitan distribution

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