CapitaLand Completes Major Redevelopment at Singapore Science Park

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CapitaLand Completes Major Redevelopment at Singapore Science Park

CapitaLand Ascendas REIT ( (SG:A17U) ) has shared an update.

CapitaLand has completed the S$883 million redevelopment of 1 Science Park Drive in Singapore, achieving a 95% leasing milestone with significant interest from the life sciences, innovation, and technology sectors. The development, part of the Geneo life sciences and innovation cluster, offers premium business space and amenities, and has attracted multinational and local companies seeking quality space in Southeast Asia’s leading R&D hub.

More about CapitaLand Ascendas REIT

CapitaLand Group is a prominent player in the real estate industry, focusing on developing and managing a diverse portfolio of properties. Their primary services include the creation of business spaces, residential developments, and integrated developments, with a strong market presence in Asia.

YTD Price Performance: 6.90%

Average Trading Volume: 34,571

Technical Sentiment Signal: Sell

Current Market Cap: $8.76B

Learn more about A17U stock on TipRanks’ Stock Analysis page.

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