Ascendas Reit buys two Australian properties for A$168m

Singapore

ASCENDAS Reit said on Friday it has acquired a business park in Sydney for A$143.4 million (S$147.4 million). The property, located at 197-201 Coward Street, Mascot, was purchased from Frasers Property Australia.

This follows the purchase of another Australian portfolio of 26 logistics properties by the Reit for A$1.01 billion from GIC and Frasers Property Australia in September last year.

The Reit on Friday also said it has forward-purchased a logistics property - Stage…