The three properties are a four-storey ramp-up logistics property at 2 Pioneer Sector 1; Tuas Connection, a light industrial property comprising 15 double-storey industrial units; and an eight-storey high-specifications industrial property at 9 Kallang Sector.
CapitaLand Ascendas REIT (CLAR) plans to acquire three properties in Singapore from a Warburg Pincus-Lendlease Global joint venture for $565.8 million, which is at a discount of 3.9% off the latest valuation of $589 million.
The price includes the estimated upfront land and enhancement premiums of $33.2 million.
