KUALA LUMPUR: Singapore’s CapitaLand Ascendas REIT said on Tuesday it will but interests in three assets in Singapore and Japan for S$1.41 billion (US$1.1 billion), including fees and expenses, as it aims to bolster its income base and diversify its portfolio.

Here are some details:

* The acquisitions include a 100 per cent stake in 25 Loyang Crescent, a logistics and industrial asset in Singapore, for S$504.2 million, and a 50 per cent stake in Ascent, a business space property, for S$245 million.

* A global sovereign wealth fund will own the remaining 50 per cent of Ascent.

* The real estate investment trust will also enter Japan through the purchase of a 49 per cent stake in a Tier III hyperscale data centre in Greater Osaka for S$620.7 million.

* A fund managed by a unit of Japanese conglomerate Mitsui & Co will hold the remaining 51 per cent.

* Following the transactions, the REIT’s Singapore assets under management will rise to about S$13.2 billion, representing roughly 66 per cent of its enlarged portfolio value of S$19.9 billion.

* The Osaka data centre marks the REIT’s first investment in Japan and is aimed at capturing growth in one of Asia-Pacific’s largest and fastest-growing data centre markets, driven by demand for artificial intelligence and cloud-computing infra.

* Separately, CapitaLand Ascendas REIT proposed to launch an equity fund raising to secure gross proceeds of at least around S$900 million, which will be used to partially finance acquisitions, including the assets in Singapore and Japan.

Source: New Straits Times (26 March 2026)