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S-Reit acquisitions up in September, but smaller deals signal weakening appetite amid uncertainty

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Jude Chan

Jude Chan

Published Wed, Oct 5, 2022 · 05:50 AM
    • CapitaLand Ascendas Reit is acquiring a cold storage logistics facility in Singapore for S$191.9 million.
    • CapitaLand Ascendas Reit is acquiring a cold storage logistics facility in Singapore for S$191.9 million. PHOTO: CAPITALAND ASCENDAS REIT

    DESPITE concerns over rising interest rates and a global economic slowdown, September has emerged as the most active month this year for acquisitions by Singapore-listed real estate investment trusts (S-Reits).

    Seven proposed acquisitions were announced in September, adding to the 19 announced in the first eight months of the year.

    This brings the total number of proposed acquisitions in the year to date to 26 – or around half the 50-odd asset acquisitions announced in 2021.

    S-ReitsCapitaland Ascendas Reitfrasers centrepoint trustparkway life reitfirst reitDaiwa House Logistics TrustDigital Core ReitM&A

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