The sale consideration represents a 9.5% over the independent market valuation of approximately $82.2 million as at Sept 30, and a premium of 17.2% to the original purchase price of approximately $76.8 million at which CLAR acquired the property in October 2015.
CapitaLand Ascendas REIT (CLAR) is proposing to divest 95 Gilmore Road, a logistics property in Queensland Australia for a consideration of $90 million.
The property is a single-storey logistics property with a total gross floor area of 41,318 square metres. It is located approximately 22 kilometres south of the Brisbane Central Business District.
