CapitaLand Ascendas REIT Expands US Logistics Portfolio: DHL USA Acquisition Worth S$150.3 Million
Tuesday, 24 December 2024, 05:43
CapitaLand Ascendas REIT Seizes Opportunity in US Logistics
In a bold move, CapitaLand Ascendas REIT is set to expand its logistics footprint in the United States. The firm has announced a strategic acquisition of a property from DHL USA for a substantial S$150.3 million.
Key Details of the Acquisition
- Property is fully occupied by the blue-chip tenant.
- Long lease term ensures consistent revenue.
- Annual rent escalations provide income stability.
Market Insights
The decision to acquire comes on the heels of strengthening fundamentals in the Indianapolis logistics market. Experts believe that this acquisition will not only enhance CapitaLand Ascendas REIT's portfolio but also solidify its position amidst evolving market dynamics.
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