Ascendas Reit

 Wah, Monday can go to ATM to press and subscribe to the new share! 

The newly PO share will start to trade on 9th Dec 2020.

Benefits of the Proposed US Acquisition

The Proposed US Acquisition will bring the following benefits to Unitholders:

(i) Increases exposure to US technology cities and diversifies Ascendas Reit’s 

portfolio;

(ii) Strategic location in San Francisco, a leading technology city in the US; 

(iii) Well-located in South of Market, an attractive submarket in San Francisco;

(iv) High quality and newly completed properties;

(v) High occupancy rates, long remaining lease tenures and annual rent escalations;

(vi) Increases proportion of freehold land held by Ascendas Reit;

(vii) Strengthens Ascendas Reit’s US tenant base; and

(viii) DPU and net asset value accretive to Unitholders.

(See announcement titled “Proposed Acquisition of Two United States Office Properties 

Located at 505 Brannan Street & 510 Townsend Street, San Francisco, California, United 

States” dated 10 November 2020 for further information.)

I think IS a great opportunity to participate and subscribe to the new PO!

Not a call to buy or sell.

Pls dyodd.