by: Tam Ging Wien

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Ascendas REIT (A17U.SI) or A-REIT for short, closed the week at $3.17 on Thursday just before a trading halt kicked in on Friday morning (01-Nov-2019). A-REIT announced that it would propose to acquire a total of 30 business park assets from its parent CapitaLand Ltd (CapLand) for a total of S$1.66bil (US$1.22bil).

The properties comprise of 28 freehold offices located across six business parks in San Diego, California (8