Last week, the REIT announced that it used $137.1 million of gross proceeds from the $500 million private placement to partially finance the proposed acquisition of the property at 5 Science Park Drive.
The manager of CapitaLand Ascendas REIT (CLAR) has announced the completion of the acquisition of the data centre at 9 Tai Seng Drive.
The REIT has used 55.1% of gross proceeds of its $500 million private placement to fund the proposed acquisition. The amount of proceeds used is about $275.5 million.
