Thursday, December 24, 2015

Ascendas REIT gains on Australia property purchase plan

Ascendas Real Estate Investment Trust is up 1.3% at $2.28 with 1.1 million shares traded after announcing plans to buy a logistics property in Sydney for $76.6 million.

Ascendas REIT will buy the property, its tenth logistics facility in Sydney, from Deka Australia One GmbH, the trust says in a statement to Singapore Exchange.

By comparison, the benchmark Straits Times Index is up 0.7%.
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