The Business Times
business-time-50
SUBSCRIBERS

Ascendas Reit buys Brisbane business park for A$33.5m

google-preferred-sourceAdd BT as a preferred source
Published Thu, Aug 2, 2018 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

ASCENDAS Reit on Thursday announced the acquisition of a logistics property, Cargo Business Park, located at 56 Lavarack Avenue, in Brisbane, Australia, for A$33.5 million (S$33.9 million) from the vendor TS1 (Qld) Pty Ltd.

The building, located near the Brisbane Airport and CBD, caters to customers who require a combination of warehousing, showroom and office space within the same building.

ascendas reit

Copyright SPH Media. All rights reserved.

Reuse this contentFeedback

TRENDING NOW

While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

Higher costs, lower returns: Why are Singaporeans still betting on real estate?

Kapa's pair of semi-detached houses in Westlake Avenue were rebuilt from a bungalow. Rather than produce a mirrored pair, the two homes were designed as a considered whole to look like part of an evolving streetscape.

Costly renewals: Transforming an old landed house into your dream home is getting harder

Taxes can make up about 38% of the retail price of RON95 petrol in Vietnam, according to industry estimates.

Vietnam acts fast to shield firms, households from fuel price surge

Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

Beijing’s calculated silence on the Iran war 

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More