CapitaLand Ascendas REIT Expands US Logistics Portfolio with DHL USA Deal
Strategic Growth in Logistics Investments
CapitaLand Ascendas REIT has made a significant move in the logistics sector by engaging in a sale and leaseback agreement with DHL USA valued at S$150.3 million. This property, located in Indianapolis, is fully occupied by the blue-chip tenant, ensuring continuous income generation. The extended lease term and annual rent escalations are poised to provide stability and growth for investors.
Key Aspects of the Acquisition
- Amount: S$150.3 million
- Tenant: DHL USA
- Property Occupancy: Fully occupied
- Lease Duration: Long lease term
- Rent Structure: Annual rent escalations
This acquisition not only emphasizes the strong fundamentals within the logistics market but also expands CapitaLand's foothold in a profitable segment. Investors are encouraged to closely follow the developments surrounding this acquisition for potential impacts on CapitaLand's overall portfolio performance.
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