Ascendas Reit completes A$83.8m acquisition

Singapore

ASCENDAS Reit has completed the A$83.8 million (S$90.3 million) acquisition of a CBD fringe office property in Australia.

The property is at 100 Wickham Street, Fortitude Valley, in Queensland. The seller is 100W Pty Ltd, an Australian private company.

The trust is expected to incur an estimated total transaction cost of A$6.1 million, which includes stamp duty, professional advisory fees, and acquisition fees payable to th…