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Ascendas REIT completes acquisition of suburban office property in Sydney for $303.3 mil

Felicia Tan
Felicia Tan • 1 min read
Ascendas REIT completes acquisition of suburban office property in Sydney for $303.3 mil
Units in Ascendas REIT closed 4 cents lower or 1.3% down at $3.01 on Jan 13.
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Ascendas REIT has completed the proposed acquisition of a suburban office property located at 1-5 Thomas Holt Drive in Sydney’s Macquarie Park.


The acquisition cost a total of A$308.5 million ($303.3 million), which comprises the purchase consideration of A$288.9 million and transaction costs of A$19.6 million.

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