Next, CLAR is acquiring 25 Loyang Crescent, a cluster of ramp-up logistics and industrial buildings for $504.2 million. Last but not least, in a 50-50 split with an unnamed "global sovereign wealth fund", CLAR is spending $245 million to buy Ascent at 2 Science Park Drive.
CapitaLand Ascendas REIT is on a shopping spree, with the acquisition of numerous asssets for around $1.41 billion, including its foray into Japan. This means since last December, CLAR is spending or has spent more than $2.2 billion to beef up its portfolio.
According to its announcement on March 24, CLAR is taking a 49% interest in a Tier III hyperscale data centre in Greater Osaka for $620.7 million. The remaining interest in the data centre is held by a fund managed by Mitsui.
