The manager adds that it will make further announcements on the completion of the proposed acquisition of the data centre at 9 Tai Seng Drive when such completion takes place.
The manager of CapitaLand Ascendas REIT (CLAR) has completed the acquisition of the business space in 5 Science Park Drive, having used proceeds from its private placement to fund the acquisition.
As a recap, the REIT announced on several dates between May and July the raising of $500 million in gross proceeds from a private placement. About $137.1 million or 27.4% of the gross proceeds has been used to fund the acquisition.
