CapitaLand Ascendas REIT - Maybank Research 2025-05-29: Accretive Purchase Of Singapore Assets In Tech Sector

• CapitaLand Ascendas REIT announced it will acquire a data centre (DC) and business park for S$724.6m.
• The modern assets in a good location with tech tenants will deepen CapitaLand Ascendas REIT’s presence in Singapore’s strategic sectors.
• - Read this at SGinvestors.io -

Details of the acquisitions.

• CapitaLand Ascendas REIT will acquire a tier-III co-location DC on 9 Tai Seng Drive, and a premium business park on 5 Science Park Drive, which serves as e-commerce player Shopee’s regional HQ. Both assets were completed on 2019, have 100% occupancy, and weighted average lease expiry (WALE) of 4.4 years (DC) and 1.5 years (business park).
• - Read this at SGinvestors.io -
• The property values are S$455.2m for the DC, and S$245m for the business park. The price for the business park includes S$30m of deferred consideration.

Strategic and financial merits.

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Previous report by Maybank:
2025-04-30 CapitaLand Ascendas REIT - Positive Reversions But lower Occupancy.

Price targets by other brokers at CapitaLand Ascendas REIT Target Prices.

Listing of research reports at CapitaLand Ascendas REIT Analyst Reports.

Relevant links:
CapitaLand Ascendas REIT Share Price History,
CapitaLand Ascendas REIT Announcements,
CapitaLand Ascendas REIT Dividend Payout Dates & Corporate Actions,
CapitaLand Ascendas REIT News