CapitaLand Ascendas REIT raises $500m in private placement

It issued 202 million units at $2.47 each.

CapitaLand Ascendas REIT Management Limited has completed a private placement of 202.43 million new units at $2.470 per unit, raising approximately $500.

The placement was 4.1 times oversubscribed, attracting strong interest from new and existing unitholders, long-only funds, real estate specialists, private wealth, and multi-strategy investors.

The issue price represents a 5.2% discount to the volume-weighted average price (VWAP) on 27 May 2025 and a 2.8% discount to the adjusted VWAP.

On Wednesday, the REIT announced the acquisitions of 9 Tai Seng Drive and 5 Science Park Drive in Singapore for $700.2m.

The acquisitions will increase the value of CLAR’s Singapore portfolio by 6.6% to $11.7b, making up 67% of its total assets under management of $17.6b.

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