Ascendas REIT (SGX: A17U) is Singapore’s first and largest industrial REIT. It has 102 properties in Singapore and 28 properties in Australia comprising business & science parks, industrial properties, and logistics centres.
I attended A-REIT’s most recent EGM where unitholders had to vote on the proposed $420 million acquisition of three science park properties located at 12, 14 and 16 Science Park Drive, Singapore.
The EGM was among the fastest meetings I’ve attended thus far with unitholders overwhelmingly in favour of the proposed acquisition. (I guess people can agree on things quickly when a deal makes very good sense!)
So why was A-REIT’s proposed acquisition voted through so fast? Here are 10 things I learned from Ascendas REIT’s January 2017 EGM:
- A-REIT is acquiring three science park properties located at 12, 14 and 16 Science Park Drive, Singapore. The blocks are located in Singapore Science Park near Kent Ridge …