Morningstar - Ascendas Real Estate Investment Trust (A17U) AREIT Expands in the U.K. by Acquiring Second Logistics Properties Portfolio; FVE Intact at SGD 2.55

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Morningstar

Ken Foong

EUR 100.00 For Business Accounts Only

AREIT Expands in the U.K. by Acquiring Second Logistics Properties Portfolio; FVE Intact at SGD 2.55

Following Ascendas Real Estate Investment Trust's, or AREIT's, first foray into the U.K., which was completed in August, it has announced that it will acquire a second portfolio comprising 26 logistics properties in the U.K. for GBP 260.1 million, or approximately SGD 463.8 million. The properties have an average occupancy rate of 92.4% spread over 19 tenants, including Aston Martin Lagonda, Amethyst Group, Eddie Stobart, Royal Mail Group (a major postal service group), and Sainsburyâ€™s (a major ...

01/10/2018 14 EN

Underlying

Ascendas Real Estate Investment Trust

Ascendas Real Estate Investment Trust is a business space and industrial real estate investment trust. Co.'s principal activity is to invest in a portfolio of properties and property related assets. Co.'s portfolio comprises the following segments: business and science parks, hi-tech industrial properties/data centres, light industrial properties/flatted factories, logistics and distribution centres, and warehouse retail facilities. As of Mar 31 2012, Co. had a portfolio of 101 properties in Singapore and one property in China that comprised a business park property in Beijing.

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SG1M77906915 Singapore Exchange Singapore

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Ken Foong

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AREIT Expands in the U.K. by Acquiring Second Logistics Properties Portfolio; FVE Intact at SGD 2.55

REITs – Singapore: S-REITs Monthly Update (Mar 23)

Strategy - Alpha Picks: Adding OCBC, LREIT, AZTECH and SMM While Taking Profit On GENS

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Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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