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Ascendas REIT to acquire portfolio of 12 UK logistics properties for $373 mil

Property

Ascendas REIT to acquire portfolio of 12 UK logistics properties for $373 mil

PC Lee Published on Thu, Jul 26, 2018 / 6:25 PM GMT+8

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SINGAPORE (July 26): Ascendas REIT is expanding its footprint beyond Asia and Australia into Europe, through the proposed acquisition of a portfolio of 12 logistics properties located in the United Kingdom.

The properties will be acquired from two third-party vendors, Oxenwood Catalina Midco Limited and Oxenwood Catalina II Midco for £207.27 million ($373.15 million).

Completion is expected to take place in the third quarter of 2018.

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