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Ascendas REIT completes acquisition of Australian suburban office for A$105.8 mil

Felicia Tan
Felicia Tan • 1 min read
Ascendas REIT completes acquisition of Australian suburban office for A$105.8 mil
The total cost of the acquisition, which is subject to adjustments, stood at A$105.8 million ($101.9 million).
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The manager of Ascendas REIT (A-REIT) has completed the acquisition of a suburban office building at 254 Wellington Road in Melbourne, Australia on September 11.

The total cost of the acquisition, which is subject to adjustments, stood at A$105.8 million ($101.9 million). The sum is made up of the purchase consideration of A$104.5 million and A$1.3 million in transaction costs.

The initial purchase consideration was thought to be at A$110.9 million ($104.4 million) when the acquisition was first announced in Oct 3, 2019.

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