CLAR currently has five assets in various clusters within one-north with a total asset under management (AUM) of $1.7 billion and net lettable area (NLA) of 2.0 million sq ft. The five assets, Nexus @one-north, Galaxis, Grab Headquarters, Neuros & Immunos and Nucleos, cater to the infocomm technology, media, science and engineering, biomedical and life sciences and emerging industries.
CapitaLand Ascendas REIT (CLAR) (SGX:A17U
) will be acquiring Seagate Singapore’s integrated high-specification research and development (R&D) facility, The Shugart, for $218.24 million. Including acquisition fees and other related fees, CLAR is expected to fork out a total of $232.4 million.
The acquisition of the property, which is located at 26 Ayer Rajah Crescent in one-north, will deepen CLAR’s footprint in the area.
