Singapore's Ascendas Reit acquires logistics properties in UK for over $273m

Singapore's Ascendas Reit acquires logistics properties in UK for over $273m

Units 1a, 1b, 2 & 3 Victory Park, Upwell Street, Lower Don Valley, Sheffield

Ascendas Real Estate Investment Trust (Ascendas Reit), managed by Ascendas Funds Management, announced that it will acquire 12 logistics properties in the UK for £207.27 million ($273.3 million) as it expands its footprint beyond Asia and Australia.

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