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The latest announcement is out from CapitaLand Ascendas REIT ( (SG:A17U) ).
CapitaLand Ascendas REIT has announced the utilization of an additional S$30.9 million from its recent private placement to partially fund the redevelopment of a logistics property in Singapore. The remaining S$0.4 million originally allocated for fees and expenses will also be redirected towards this redevelopment project, reflecting the company’s strategic focus on enhancing its property portfolio to drive growth and value for its unitholders.
More about CapitaLand Ascendas REIT
CapitaLand Ascendas REIT is a real estate investment trust based in Singapore, focusing primarily on investing in income-producing properties used for logistics, industrial, business space, and science park purposes. As part of the CapitaLand Group, it manages a diverse portfolio aimed at providing stable and sustainable returns to its investors.
YTD Price Performance: 1.39%
Average Trading Volume: 29,158
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.39B
See more data about A17U stock on TipRanks’ Stock Analysis page.
