Ascendas Reit to raise S$1.2b for US, Europe, Australia acquisitions

Singapore

ASCENDAS Real Estate Investment Trust (Ascendas Reit) has launched a private placement and preferential offering to raise gross proceeds of about S$1.2 billion.

This will finance its potential and proposed overseas acquisitions, including a US$560.2 million purchase of two office buildings in San Francisco also announced on Tuesday.