IDEA OF THE DAY
Ascendas REIT ($2.92, down 5 cents) announced that it has entered
into two separate agreements with unrelated purchasers for the sale
of two logistics properties (82 Noosa Street and 62 Stradbroke Street)
located in Brisbane and one logistics property (1314 Ferntree Gully Road)
located in Melbourne, Australia, for a total sale price of S$128.7 million.
The Proposed Divestments are in line with the Manager’s proactive
asset management strategy to improve the quality of Ascendas Reit’s
Australian portfolio and optimise returns for Unitholders.