A-Reit to acquire logistics portfolio in Australia for $719m

A-Reit to acquire logistics portfolio in Australia for $719m

Singapore listed Ascendas Real Estate Investment Trust (A-Reit) said Friday it has reached a deal to acquire 26 logistics properties in Australia for A$1.013 billion ($719 million) . A-Reit will be acquiring these properties from Singapore’s sovereign wealth fund GIC and Frasers Property Australia.

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