Ascendas Reit buys Brisbane business park for A$33.5m
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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.
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