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

510 Townsend Street in San Francisco is a seven-storey office building fully leased to Stripe - Ascendas Reit.jpg
Ascendas Reit has proposed to buy two office properties in San Francisco, including 510 Townsend Street, which is fully leased to Stripe.


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...

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