CapitaLand Ascendas REIT Seagate R&D Facility Acquisition 2023

CapitaLand Ascendas REIT announced the proposed acquisition of Seagate's Singapore R&D facility for S$218.2 million to deepen its presence in one-north, Singapore. The acquisition represents a strategic expansion of the REIT's industrial and technology real estate portfolio in Singapore's key innovation hub.