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Ascendas Reit buys Aussie property for A$110.9m

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Artist’s impression of 254 Wellington Road in Melbourne. The Reit manager says the acquisition has 65 per cent of the space pre-committed for 10 years and is DPU accretive.

Singapore

ASCENDAS Real Estate Investment Trust (Reit) is acquiring its fourth suburban office property in Australia for A$110.9 million (S$104.4 million), the Reit's manager announced on Thursday.

The purchase, from ESR FPA (Wellington Road) Pty Limited, is of the freehold land at...

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